Bitcoin crash: buy BTC now? This is what the experts say

The price of Bitcoin has fallen along with the stock markets since the beginning of the year. Inflation, high interest rates, and economic uncertainty make many people unhappy. But crises often provide the opportunity to get rich.

Bitcoin could be one of those opportunities. This is what some finance and cryptocurrency experts claim. Let’s see what they have to say about the current Bitcoin crash and take a look at their predictions.

Bitcoin Crash: Beginning or End of Cryptocurrency?

Nathan Rothschild, the banker of the famous Rothschild family (one of the richest families in the world) is said to have once said:

“It’s time to buy when there’s blood on the streets.”

Legendary investor Warren Buffett also made his fortune during the bear market that ended in 1974. He once said:

“Be greedy when others are afraid, and afraid when others are greedy.”

In fact, the current crash in Bitcoin and the stock markets could provide an excellent buying opportunity. Ultimately, no one can predict 100% how the price of Bitcoin or the cryptocurrency will develop in the coming weeks and months. Even many experts are divided and have made different predictions. What do investment experts say about bitcoin and cryptocurrency?

Bitcoin: Image from BeInCrypto.com

the police

Robert Kiyosaki is the author of the popular bestselling series “Rich Dad Poor” Dad. He also sees the current collapse as an opportunity. chirp:

“Your profits are made when you buy, not when you sell.”

For him, cryptocurrency is the future of money. Will continue to buy bitcoin after bitcoin price bottoms. His predictions: BTC price could drop to $20,000, $17,000, or even $11,000. “Time to get rich. Take care of yourself,” he tweeted.

In the long run, the author and investor are bullish on Bitcoin. His predictions: Bitcoin will be worth over $1 million in 5 years.

Raoul Pal, CEO, investor and former entrepreneur at Goldman Sachs, believes that the price of Bitcoin will likely exceed $1 million in the next three to seven years. The reason for this is the rapid growth of the network. However, he is still waiting for macroeconomic developments before giving predictions for Bitcoin’s bottom, but also sees the crash as an opportunity. Also, Pal invests mostly in Ethereum as he believes that ETH has more potential than BTC. The reason for this is the fact that ETH offers smart contracts compared to BTC and therefore cannot be used solely as a method of payment.

bears

But not everyone is convinced of Bitcoin’s long-term potential. Gold blunder Peter Schiff, well known in the crypto scene, continues to believe that Bitcoin has no intrinsic value and that the price may eventually head towards zero. His forecast: Bitcoin will initially drop below $10,000.

Cryptocurrency HEX founder and entrepreneur Richard Hart is also not convinced of Bitcoin’s long-term potential. But it is the long-term potential of cryptocurrencies. He said in a duel with Peter Schiff:

“We have to be very honest about what these things (crypto) can and cannot do. Bitcoin is a trash technology. You will never be able to run all the transactions in the world on it.”

However, for the founder of Hex, BTC is still better than gold. He also believes that the price of BTC will continue to rise due to inflation alone. Before that, however, the price of Bitcoin will continue to fall during the crash. Richard Hart predicted: Bitcoin will fall about 85% from its all-time high, as it has in the past, after organizing a parabolic rally. This will bring the price of BTC down to $11,000.

Not giving an opinion

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