RATE Group | Bitcoin will lose its crown amid 90% crash in cryptos, investment bank warns
25248
post-template-default,single,single-post,postid-25248,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bitcoin will lose its crown amid 90% crash in cryptos, investment bank warns

02 May Bitcoin will lose its crown amid 90% crash in cryptos, investment bank warns

Posted at 20:16h in Bitcoin News by

[ad_1]

That crypto sell-off earlier this year will seem like a minor tremor compared to the shaker headed this way, according a new report released Wednesday.

Investment bank GP Bullhound predicts a “heavy correction” will obliterate cryptos by some 90% within a year, leaving few survivors. Clearly, there’s some fat to be trimmed, considering there’s more than 1,000 coins on the market.

Read: Have bitcoin investors become irrationally bullish again?

“While this correction will be critical to cutting through the hype, its lack of impact on financial institutions will create new phenomena that we have…

[ad_2]

Article Source

Tags:
, , , , , , , ,