What if Bitcoin’s Price Falls to $5,000?

Published by
The Street

By Luc Olinga A crash in bitcoin’s would be good for the crypto industry, which could then rebuild on a sounder footing. With all due respect to the doomsayers, I am not a Cassandra. At last check bitcoin prices are slightly above $21,000. But let’s imagine a situation that some will consider the worst-case scenario: a price crash that takes bitcoin to $5,000. Would this be a disaster, some kind of black day for crypto? This question recently was posed to me and I was surprised because I had never thought that it could fall under $10,000. But after mulling it over I replied that, no, it would …

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