While experts’ views might vary, most of them say that the $42k mark is where everyone should watch for. Some say that it will soon clear the $50k mark and some say that it might just go to zero now.
Being the poster boy of the crypto world Bitcoin has made its way to many portfolios all across the world. With China and Russia banning crypto and its related activities, the value of the coin took a hit and plummeted.
Slowly recovering and now at $43k the BTC is one of the most sought after cryptocurrencies. But since the $100k model failed many speculate that the coin will finally become stable and a crypto winter might come after that.
Peter Schiff has said that the recent developments could be a sign that the digital asset might have a $0 value in the future. He asks the people to imagine what will happen when the price falls below $30k for the currency.
But on the other side, the quick recovery shows that the coin might start another bull run and reach an all-time high once again. After hitting the $69k the value of the coin got down to less than half within 3-4 months. But the quick recovery is a sign that the BTC might be able to pull off such a feat once again.
If you have been trying to get more crypto and DeFi into your portfolio then it is the best time to do so.