Clem Chambers is sure that the “crypto winter” has already arrived, and those who bought the first cryptocurrency for $ 60 thousand will have to wait a long time to go into profit.
The bitcoin rate may fall to $ 10 thousand, and at the moment and to $ 7 thousand, warned the CEO of ADVFN Clem Chambers. In an interview with Stansberry Research, he explained this by the recurring market cycles of the first cryptocurrency.
Former #crypto bull @ClemChambers warns #Bitcoin winter is here, and could linger for years. He tells our @DanielaCambone why he believes $BTC prices could fall to $10,000 and $ETH could fall to $1,000.
WATCH: https://t.co/LtNHwGQLN7
(UPDATED to fix earlier tech issue) pic.twitter.com/nXixtR7GDe
— Stansberry Research (@Stansberry) July 1, 2021
According to Chambers, the current state of the digital asset market is “crypto winter“, and those who bought bitcoin for $ 60,000 will have to wait a long time to get their investments back.
The head of ADVFN noted that the movement of assets is due to technical reasons, and not statements by Elon Musk or bans in China.
Over the past day, bitcoin has fallen in price by 2%, the first cryptocurrency is trading at $ 32.9 thousand. On April 14, the cryptocurrency set a historical maximum value of $ 64.8 thousand, since then its quotes have fallen by 49% .
