Significant Bitcoin Price Drop Likely, Ex-Crypto Leaders Predict

By: Eva Baxter

In light of recent events in the cryptocurrency world, a significant drop in Bitcoin's value has been predicted by several influential figures. The largest cryptocurrency, which has been experiencing a bull run, may face a price dip, with estimations going as low as $25,000.

This outlook comes following the launch of spot Bitcoin exchange-traded funds (ETFs), an event which was highly anticipated by the crypto community. Described as the most bullish event in recent crypto history, the launch, however, seems to have induced a crisis in faith in Bitcoin's continued rise.

Ex-leaders in the crypto finance sector, like the former crypto lead at ARK Invest, warn that 'partiers need to sober up' implying a cautionary approach towards the current crypto market behaviours.