Bitcoin will crash 85% from its highs, this time is no different from past

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Published Aug 5, 2021

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
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