Bitcoin and cryptocurrency prices continue to sell out in the coming weeks, clearing nearly $ 400 billion from the combined crypto market, despite some bullish crypto price forecasts.
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Bitcoin prices fell below $ 50,000 per Bitcoin last week and are on a downtrend this morning, moving towards the closely monitored $ 40,000 level of Ethereum, Cardano, Solana, Ripple’s XRP and Binance’s BNB. We are reducing the price.
Prior to the sale of the latest Bitcoin and crypto, billionaire investor Leon Cooperman warned potential crypto buyers to “be very careful” with Bitcoin.
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“My guess is that you’ll be very careful with Bitcoin,” said Wall Street legend Leon Cooperman. CNBC.. “I don’t think it makes much sense, and if you’re nervous about the world, gold is a better place to store value than Bitcoin for me.”
But Cooperman who has that wealth Forbes He blames his age, adding that he doesn’t understand Bitcoin. The founder of hedge fund Omega Advisors says, “If you don’t understand Bitcoin, that means you’re old. I’m 78. I’m old. I’m old. Don’t understand that. ”
Cooperman further warned that the US government would eventually oppose Bitcoin. “One of the things I know is that it’s not in the US government’s interest to go further with the US dollar,” Cooperman said.
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Last week, El Salvador became the first country in the world to adopt Bitcoin as legal tender, and it was predicted that other countries would follow suit. However, the historic adoption of Bitcoin has rarely pushed up the price of Bitcoin.
Bitcoin has lost about 15% of its value in the last seven days, while Ethereum, the second largest cryptocurrency after Bitcoin, has fallen by 20%. Binance’s BNB, Cardano, Solana and other talked-about Ethereum rivals have all lost the same amount of fear dominating the crypto market.
Last week, two prominent central bankers, Stefan Ingves, Governor of Riksbank, and Alejandro Diaz de Leon, Governor of the Bank of Mexico, were not “valued safeguards” at risk of Bitcoin and other cryptocurrencies collapsing. I warned you.