“Those who bought Bitcoin for $60,000 – (3.14)zdEU”

“Those who bought Bitcoin at $60,000 will have to wait a very long time. The rate could fall to $7,000,” said Clem Chambers, head of ADVFN.

According to him, “Bitcoin winter has already arrived”, so there will be no increase in the price of cryptocurrency in the foreseeable future. ADVFN CEO Clem Chambers, in an interview with Stansberry Research, said that the fall of bitcoin can no longer be stopped, and also outlined the lower limits that the world’s main cryptocurrency is striving for.

According to him, “Bitcoin winter has already arrived”, so there will be no increase in the price of cryptocurrency in the foreseeable future. He added that those who bought Bitcoin at $60,000 would have to wait a very long time to get their money back. Clem Chambers believes that the price of bitcoin will drop to $10,000, and at some point it may reach $7,000. However, the cryptocurrency will first fall to $20,000.

“We are heading towards $20,000 for Bitcoin and $1,000 for Ethereum. There will be huge volatility in the market. Traders need to be armed to the teeth with the tools to deal with this madness, but for an investor, it is a game of waiting. There is absolutely no need for an investor to re- enter the market until the noise and volatility subsides. (c) Clem Chambers

In June of this year, the revenue of Bitcoin and Ethereum miners fell by almost half compared to the previous month.

Crypto investor and analyst Lark Davis believes that bitcoin is still at the beginning of its life path, and that the cryptocurrency rate will increase many times over.

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