LockMeta
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Metaverse
  • Business
  • Markets
  • Policy
  • Press Release
Twitter Telegram
LockMeta
Twitter Telegram
Google News
  • Latest News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Metaverse
  • Business
  • Markets
  • Policy
  • Press Release
LockMeta
News

Asset management giant Invesco says bitcoin could fall below $30,000 this year

January 19, 2022
Share Facebook Twitter Telegram WhatsApp Pinterest LinkedIn Tumblr Email Reddit VKontakte
Asset management giant Invesco says bitcoin could fall below $30,000 this year

Bitcoin is likely to fall below $30,000 in 2022 as the bubble bursts, U.S. asset management giant Invesco wrote in its “unexpected but likely” forecast for 2022.

Invesco strategist Paul Jackson said the massive marketing around bitcoin reminded him of the activities of stockbrokers on the eve of the 1929 stock market crash.

“We don’t think it’s too much to imagine Bitcoin falling below $30,000 this year.”

Paul Jackson believes that there is at least a 30% chance of this happening.

In the report, Paul Jackson wrote that Bitcoin could be viewed as a financial mania, meaning huge losses are coming.

“Asset prices are likely to drop by as much as 45% in the 12 months following the peak of the financial frenzy.”

If Bitcoin follows this pattern, there is a good chance that it will fall to between $34,000 and $37,000 by October of this year. But Paul Jackson believes that a larger decline is entirely possible, and Bitcoin is likely to fall below $30,000.

More and more investors are concerned about the future of cryptocurrencies

In a report published last week, investment bank UBS explored whether a cold winter is in store for the cryptocurrency space. That is, the price has dropped significantly and cannot be repaired for more than a year.

Antoni Trenchev, founder of cryptocurrency trading platform Nexo, believes in an interview with the media that the Fed’s interest rate hike may cause Bitcoin to fall, with the lowest price around $30,000.

After hitting an all-time high of $69,000 in November 2021, the price of Bitcoin has been on the decline and is now around $42,000.

Previous ArticleCrypto ATMs in Singapore stop operating
Next Article Lamborghini announces it will launch NFTs

Related News

February 5, 2023

The Ethereum expansion project Scroll improved the v2 bridge and ZK architecture this week

February 5, 2023

SHIB rises 13% on Saturday, hits 4-month high

February 5, 2023

The Arbitrum ecological stable currency project SperaxUSD was attacked yesterday

February 5, 2023

Yuga Labs has removed wallet “0x3977″‘s DooKey Dash game high score, Mongraal is back on top

February 5, 2023

Bitcoin and Ethereum Whales Move $743 Million in Crypto in Three Massive Transfers

February 4, 2023

Morgan Creek Capital CEO: The next crypto bull market may start in the second quarter of 2023

February 4, 2023

Bitcoin Price Could Hit $45,000 Before Christmas

February 4, 2023

FTX-Backed NFT Company Limit Break Launches $6.5M Super Bowl Commercial

The Latest
Ethereum News February 5, 2023
The Ethereum expansion project Scroll improved the v2 bridge and ZK architecture this week
Altcoin News February 5, 2023
SHIB rises 13% on Saturday, hits 4-month high
Altcoin News February 5, 2023
The Arbitrum ecological stable currency project SperaxUSD was attacked yesterday
Business News February 5, 2023
Yuga Labs has removed wallet “0x3977″‘s DooKey Dash game high score, Mongraal is back on top
Ethereum News February 5, 2023
Bitcoin and Ethereum Whales Move $743 Million in Crypto in Three Massive Transfers

LockMeta provides the latest crypto news flash including Bitcoin, Ethereum, Altcoins, NFTs, Metaverse, Business and Policy. Get today's latest crypto news in a minute.

Twitter Telegram
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Metaverse
  • Business
  • Markets
  • Policy
  • Press Release
  • About Us
  • Contact Us
  • Advertise
  • Terms of Service
  • Privacy Policy
© 2023 LockMeta.

Type above and press Enter to search. Press Esc to cancel.