Gareth Soloway, a crypto expert, recently issued a warning about a possible crash in Bitcoin’s value by 2023. In a video posted to social media, Soloway said that we may be headed for what he calls a “final flush” of Bitcoin, and that this could cause a crash that would wipe out any gains made since the cryptocurrency first took off in 2017.
Soloway cites both technical and fundamental factors that could cause the crash. He says that the current market conditions could lead to Bitcoin’s value dropping to as little as $3,500, and that this could happen as soon as 2022. He also warns that investors should be cautious and not put all of their eggs in one basket.
Soloway goes on to say that while this crash could be a major blow to cryptocurrency investors, it could also be a great opportunity for those who are willing to take a calculated risk. He believes that, after the crash, the value of Bitcoin could soar to as high as $50,000 by 2023.
So, while it’s impossible to predict the future with certainty, it’s important to note that Soloway’s warning should be taken seriously. Investors should consider diversifying their portfolios and be aware of the potential risks associated with investing in cryptocurrency.