Crypto Leaders Weigh In On Bitcoin Collapse, $3,000 Target Touted32.38

While some industry savants expected crypto’s recent crash for months on end, many ‘common Joe’ investors were caught off-guard by this rapid bout of selling pressure. Aiming to clear the air surrounding this sell-off, which sent Bitcoin (BTC) freefalling to $4,500, CoinTelegraph recently brought on a number of industry leaders to weigh in on market conditions.

Tone Vays, a former institutional trader turned Bitcoin maximalist, first noted that in his opinion, that was no factor that catalyzed crypto’s recent crash, nor was there a catalyst behind Bitcoin’s monumental run-up throughout the year of 2017. Simply put, the trader noted that BTC was “overpriced,” and it has been for the past year.

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