Bitcoin news LIVE – Safemoon could overtake Dogecoin as cryptocurrency rockets but Bitcoin could fall 50% within days

BITCOIN could see a “major correction” and plunge by 50% pulling back to $20,000, an analyst has said.

Speaking to CNBC’s Worldwide Exchange, Guggenheim Partners’ Scott Minerd said the world’s largest cryptocurrency has run too far, too fast.

“I think we could pull back to $20,000 to $30,000 on bitcoin, which would be a 50% decline, but the interesting thing about bitcoin is we’ve seen these kinds of declines before,” Minerd said.

It comes as one of Britain’s most prominent investors has put $100m (£72m) into the UK’s biggest cryptocurrency company.

Baillie Gifford has become the biggest outside shareholder in Blockchain.com with the investment.

Read our cyptocurrency live blog below for the very latest updates…

Link

(Visited 68 times, 1 visits today)

Leave a Reply