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Bitcoin investors should be more aware of its history of bubbles and price crashes, a crypto entrepreneur explains


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Bitcoin investors should be more aware of its history of bubbles and price crashes, a crypto entrepreneur explains
Bitcoin investors should be more aware of its history of bubbles and price crashes, a crypto entrepreneur explains
Harry RobertsonApr 4, 2021, 14:54 IST
Bobby Lee said the history of bitcoin was one of bubbles bursting and growing againDado Ruvic/Reuters
Bitcoin investors need to be more aware of the asset s history of big booms and busts,
Bobby Lee said.
Yet Lee said he is optimistic about bitcoin long-term, seeing it as an inflationary hedge.
Bitcoin investors should be more aware of the asset s volatile history of bubbles and dramatic price crashes, crypto exchange founder Bobby Lee has said. ....

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Bitcoin tumbles 9% after hitting record high above $61,000


Bitcoin tumbles 9% after hitting record high above $61,000
Harry RobertsonMar 15, 2021, 21:00 IST
Cesc Maymo/Getty Images
Bitcoin fell as much as 9% on Monday as investors took profits following a weekend record.
The cryptocurrency climbed as high as $61,742.41 on Saturday and continued to flirt with $62,000 on Sunday.
The consolidation came amid reports that
India is considering a partial ban on cryptocurrencies.
Bitcoin fell as much as 9% on Monday after hitting a record high over the weekend as investors scrambled to take profits.
The cryptocurrency slipped to $54,733.53 at intrasession lows after surging to $61,742.41 on Saturday and continuing to flirt with the $62,000 level through Sunday. ....

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Bitcoin price prediction: Why it will drop to $25k then rally to $100k


Strategic Wealth Partners Luke Lloyd told Insider he sees a massive correction ahead for bitcoin.
Lloyd said regulation fears will be the catalyst for a fall all the way to $24,000.
But he said he thinks its price will recover and surge to $100,000 by the end of the year.
Luke Lloyd is an outspoken bitcoin bull when it comes to his long-term outlook. 
So it might have come as head-scratching news to some when the investment strategist and wealth advisor at Strategic Wealth Partners said on Fox Business Varney & Co. that he d cashed out of the cryptocurrency when it hit $40,000 for the first time in January. ....

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