Bitcoin could tumble below $30,000 this year as the crypto bubble pops, Invesco says

MarketsInsider/Harry Robertson/1-17-2022

graphic image of a melting bitcoin“‘The mass marketing of bitcoin reminds us of the activity of stockbrokers in the run-up to the 1929 crash,’ Paul Jackson, the US investment company’s global head of asset allocation, said in a note Monday.”

USAGOLD note: Such a move to the downside would put bitcoin at less than half its nearly 68,000 peak at the end of 2020. Such volatility undermines the safe haven claims made by its promoters.…… This article also cites UBS suggesting that the crypto space might be headed for “crypto winter.”

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