The strategist for commodities of the analytical division of Bloomberg Intelligence Mike McGlone believes that the probability of a 90% drop in bitcoine prices in the conditions of uncontrolled supply growth in the market is quite high.
90% drop will take a lot of time to take place even if this is true. Now, I think prices are already stabilized as we have seen it moving in $7000-$8000 range for last 2 months. I do not think there is any reason for Bitcoin to drop to that level in any time recently.