Posted 4/15/2024, 4:48:00 PM
Bitcoin Price Could Plunge 50% to $30K, Analyst Warns
- Bitcoin's latest rally fueled by FOMO and could see price cut in half to $30K, says Mizuho's Dan Dolev
- Dolev warns rally about to "unravel" as interest fades, implying 54% drop from Monday's $64,750 level
- Price could eventually plunge to $20K in next crypto "ice age", a 69% plunge from current levels
- Dolev sees no underlying value in bitcoin, says price supported only by speculation
- Contrary to bitcoin bull case of $150K by 2025; Dolev expects unwind back to $30-40K range