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Bloomberg Intelligence analysts Request, which at the moment Bitcoin has not yet established the final anti-record, but only "continues to fall".
According to their forecasts, the rate is expected to fall to $ 1 500, which is 70% lower than the current rate – $ 5 140 (at this point).
As one of the reasons for the fall of the course, the publication notes the hard fork Bitcoin Cash network. After this, there has been a larger-scale collapse of the cryptocurrency rate, which was the beginning of the "boring life for Bitcoin" and has inspired several industry experts to make predictions.
Travis Kling, founder of the Ikigai hedge fund, has hypothesized that in the future the BCH fork will no longer affect the market:
"There's a small chance that it's hard to estimate that something really bad could happen in relation to Bitcoin Cash that could have an impact on the entire cryptography market."
Bloomberg Intelligence analyst Mike McGlone gave a forecast for two versions of Bitcoin Cash, meaning that due to them the investments of depositors and miners will continue to cause a way out of rates to further increase and decrease the market quotations.
The president and the chief investment expert of Creative Planning, Peter Mallouk, have attracted the attention of the crypto community on the financial result of the III quarter of the GPU producer – NVIDIA. The mining products of the company are losing its relevance, which is according to analysts, signals on the deterioration of the entire cryptocurrency market in general.
"The fall in the price of Nvidia's shares reflects a future in which the cryptocurrency fueled by demand has collapsed" said Peter Mallouk, president and co-chief investment officer of Creative Planning, in an email. "Although this is, of course, bad news for NVIDIA, it is indeed the canary in the coal mine for Bitcoin and other cryptocurrencies."
We want to remind you that the founder of Fundstrat Global Advisor, Tom Lee, is optimistic about the future of the world's first cryptocurrency. At the beginning of the year, he made a prediction, in which Bitcoin will reach $ 25,000 by December. However, in July, Tom made an adjustment, changing the estimate rate of $ 22,000. At the beginning of November, the forecast was again changed to $ 15,000. In the end, BTC should grow by over 170% in the short term.
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