Peter Schiff, a well-known investor and Bitcoin critic, predicts that Bitcoin’s price could fall to $20,000 if the Nasdaq enters a bear Market. He notes that a 12% drop in the Nasdaq already suggests potential declines in Bitcoin’s value due to their correlation. Historical data shows significant declines in the Nasdaq during past Market crashes, ...
A recent analysis suggests that Bitcoin could face a dramatic drop of 91% from its all-time high of $109,000, potentially falling to as low as $10,000 by January 2025. Mike McGlone, a Senior Commodity Strategist at Bloomberg Intelligence, warns this decline may echo previous steep corrections, like the 2011 crash when Bitcoin dropped 92%. He ...
Analysts foresee a strong 2025 for gold, following its best yearly performance in over a decade in 2024. The World Gold Council suggests that gold may remain stable unless interest rates drop or geopolitical tensions escalate. Meanwhile, Michael Saylor, co-founder of MicroStrategy, argues for a shift away from gold to Bitcoin as the U.S. reserve ...
Tom Lee, head of research at Fundstrat Global Advisors, has made a name for himself with accurate predictions about the stock Market and Bitcoin. After correctly forecasting a 24% rise in the S&P 500 last year, he now anticipates Bitcoin will reach $250,000 by 2025, indicating a potential 150% gain from its current price around ...
