'Dr. Doom'-backed Atlas Capital CEO says bitcoin could crash 70% before reaching $500,000
Hex37's read
- Atlas Capital CEO, backed by Nouriel Roubini, warns of a short-term Bitcoin crash.
- The CEO predicts Bitcoin could fall 70% from current levels.
- Despite the short-term warning, the long-term outlook for Bitcoin remains bullish.
What it means for traders
- Short-term traders might consider bearish positions on BTC due to the crash warning.
- Long-term investors may see a potential 70% dip as a significant buying opportunity.
Affected markets
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