Mati Greenspan: "Bitcoin (BTC) plunging to $10,000? That would take a shock on the scale of nuclear war"
Summary
- Mati Greenspan said it is unlikely that Bitcoin (BTC) will fall to $10,000, pushing back against the scenario.
- He said an extreme situation—such as nuclear war, a global liquidity crisis, or an internet shutdown—would be needed for Bitcoin to plunge to $10,000.
- Mike McGlone revised Bitcoin’s downside target from $10,000 to $28,000.
Forecast Trend Report by Period
Mati Greenspan, founder of Quantum Economics, pushed back against forecasts that Bitcoin (BTC) could fall to $10,000, arguing the scenario is unlikely.
According to CoinDesk, a cryptocurrency-focused outlet, on the 11th (local time), Greenspan said Bitcoin would require an extreme shock—such as a nuclear war—to crash to that level.
He said, "Analysts are often swayed by short-term macroeconomic shifts and overinterpret them, drawing excessive conclusions," adding that "with Bitcoin’s daily trading volume in the tens to hundreds of billions of dollars, it would take an extreme situation such as a global liquidity crisis, nuclear war, or an internet shutdown for it to drop to $10,000."
Previously, Bloomberg Intelligence senior macro strategist Mike McGlone had mentioned the possibility of Bitcoin falling to $10,000, but later revised his downside target to $28,000.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
