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Bitcoin will crash 85% from its highs, this time is no different from past – Richard Heart (Pt. 2/2)

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Bitcoin has traditionally fixed 85% from its highs, as well as now, the coin is still in a bearishness, stated Richard Heart, founder of Hex.

" I believe Bitcoin will certainly tap $10,000 from its high of $65,000 since that's what it typically does, it drops 85%. Ethereum generally goes down 95% due to the fact that it has reduced liquidity so it acts like an utilize placement on Bitcoin, to some extent," Heart told David Lin, anchor for Kitco News.

Adhere To David Lin on Twitter: @davidlin_TV ()
Adhere To Richard Heart on Twitter: @RichardHeartWin ()

0:00 – Charity
1:52 – Bitcoin cost
4:52 – Bear cycle in cryptos
8:16 – Hex tied to the UNITED STATE buck

#bitcoin #hex #crypto
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Bitcoin will crash 85% from its highs, this time is no different from past – Richard Heart (Pt. 2/2)

Watch part 1 of the interview: https://youtu.be/RLtCxxebE2U

Bitcoin has historically corrected 85% from its highs, and right now, the coin is still in a bear market, said Richard Heart, founder of Hex.

“I think Bitcoin will tap $10,000 from its high of $65,000 because that’s what it normally does, it drops 85%. Ethereum usually drops 95% because it has lower liquidity so it acts like a leverage position on Bitcoin, to some degree,” Heart told David Lin, anchor for Kitco News.

Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
Follow Richard Heart on Twitter: @RichardHeartWin (https://twitter.com/RichardHeartWin)

0:00 - Charity
1:52 - Bitcoin price
4:52 - Bear cycle in cryptos
8:16 - Hex tied to the U.S. dollar

#bitcoin #hex #crypto
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.

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Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.