Crypto Experts Slash Bitcoin Price Predictions: Fact is, No One Knows24.38

The recent crash in the crypto market has led Wall Street investors to slash their Bitcoin price prediction by half.

Tom Lee, the co-founder of Fundstrat Global Advisors, lowered his year-end expectations to $15,000 from $25,000. Lee’s prediction came after BTC broke below its so-called bottom at $6,000. Before the crash, the said level was considered to be a break-even point for miners. Based on that, Lee estimated that BTC price should be at least 2.2 times higher than the break-even point. Otherwise, mining Bitcoin will be worthless in a broader context.

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