RATE Group | Ripple Executive Responds After Bitcoin (BTC) Investor Warns Wrecking Ball Coming for Le…
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Ripple Executive Responds After Bitcoin (BTC) Investor Warns Wrecking Ball Coming for Le…

22 Mar Ripple Executive Responds After Bitcoin (BTC) Investor Warns Wrecking Ball Coming for Le…

Posted at 03:19h in Cryptocurrency News by

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Ripple chief technology officer David Schwartz is responding to a Bitcoin price warning from BTC investor and podcast host Brad Mills.

The cryptocurrency markets have rallied over the past two days, with Bitcoin rising from about $5,336 to $6,130 at time of publishing.

Despite the uptick, Mills says data from prior crashes suggests another major pullback in traditional markets is coming – one that will take another wrecking ball to Bitcoin.

“If you have not taken your money off the table yet, I don’t know what you’re waiting for. Monday is not going to look good. Likely all 3 circuit breakers will be hit sometime soon…

Yes, Bitcoin is going to get rekt badly once more before this is over. Thinking of selling more here.”

Source: Brad Mills/Twitter

In response, Ripple’s Schwartz questions whether taking money off the table is a futile response, given potential weakness in bonds and the forex market.

Schwartz also questions the strength…

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