Post
Topic
Board Speculation
Re: Bloomberg analyst says bitcoin can fall to $10000
by
Richbased
on 09/04/2025, 15:49:22 UTC
This is the stupidest prediction that I have even heard of recently. People should stop believing this people that might be bitcoin critics. I think this bitcoin analysts Mike McGlone is one of them.
I don't know why some people are so blind whenever the price of bitcoin is experiencing a decline. You will see some people can even come to say that the price will fall to zero, can you just imagine the level of lack of foresight. When making predictions that the price will fall drastically, first thing is to research about what is causing the decrease in price and moreover, even if there is a negative news that might have effect in the price, if people don't sell their bitcoins at that particular time will the price continue to fall?.

Before the price of bitcoin can fall to as low as $10,000, it will require a lot of whales and institutional investors to sell their bitcoins which is not possible because a whale who have seen the worth of his bitcoins when the price of bitcoin got the last ATH can never sell their bitcoin lesser than that price they have seen it the last time. Well, there are many bitcoin analysts or rather anti-bitcoin critics who are putting fear in the face of hodlers but their speculations should not be taken seriously.