Bitcoin Rate to Drop Below $1000

February 15, 2018

Mike McGlone, a strategist at Bloomberg Intelligence, is convinced, Bitcoin rate may sag on by 90% explaining it by comparing charts of Bitcoin price and Amazon.com Inc. and Nasdaq Composite Index shares growth rates.

McGlone has underlined, he spend much time scrutinizing cryptocurrency issues and so he believes the whole situation about crypto market resembles pretty much that of Internet companies at the end of 90s.

The strategist has added, offer parabolic growth is the basic constraint for price increase on the market. To date there are symbols of the fact that Bitcoin price rate declines directly down to $900 per token.

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