Cathy Wood, CEO of Ark Investments. [CNBC]
[헤럴드경제=장연주 기자] The price of the cryptocurrency Bitcoin has recently fallen to the $88,000 level, and mixed forecasts have emerged about the future Bitcoin price. Forbes diagnosed that concerns are growing that a Bitcoin price collapse is imminent following the U.S. Federal Reserve‘s decision to cut interest rates. On the other hand, Ark Invest CEO Cathy Wood, known as the ‘Money Tree Sister’, predicted that Bitcoin will surpass gold in the long term.
On the 14th (local time), Forbes, an American economic media, reported in an article titled ‘Following Michael Saylor‘s grave warning that concerns about a Bitcoin price plunge suddenly surface’, saying, “Bitcoin and cryptocurrency prices have been showing sluggish trends since peaking in early October,” and “Traders are concerned that the entire market could suffer a hit worth $1 trillion.”
Last week, the New York stock market hit an all-time high due to the Federal Reserve’s (Fed) decision to lower interest rates, but Bitcoin collapsed by $90,000 during the day. As of the morning of the 15th, Bitcoin was in the $88,000 range, down more than 20% from last October’s price (about $126,000), which hit an all-time high this year.
Forbes reported, “As the price of Bitcoin has fallen following the U.S. Federal Reserve’s decision to cut interest rates, concerns are growing that a full-blown Bitcoin price crash may be approaching.”
According to Forbes, Markus Levin, co-founder of blockchain company
On the other hand, there was also optimism that Bitcoin would show a long-term upward trend.
Ark Invest CEO Cathy Wood, known as the ‘Money Tree Sister’, recently predicted on the Ark Invest podcast, “Bitcoin will outperform gold in the long run.”
“Bitcoin’s decline over the past few months has been greater than we expected due to liquidity constraints,” he said. “As liquidity improves and concerns about inflation give way to concerns about deflation and productivity shocks, Bitcoin will perform better.”
As of the past year, Bitcoin has soared in dollar terms, but lagged by 44.22% compared to gold.
However, in the long term, on a 5-year basis, Bitcoin rose by 114.80% compared to gold.
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