A well-known crypto trader expects to buy bitcoin at $40,000 each

In it, he told subscribers that he is ready to spend $10 million to buy bitcoins. However, he will do so on the condition that the cryptocurrency will fall in price to $40 thousand.

The founder of Barstool Sports is convinced that at this price, BTC can provide more profitable opportunities. Analysts at 99Bitcoins, on the other hand, gave a new forecast - in their opinion, the token may fall to $50,000 before it enters a new phase of growth. Such a forecast was influenced by a $100 million capital outflow from the bitcoin-ETF.

Experts also believe that after bitcoin falls to $50,000, consolidation will follow. During this period, as a rule, investors pay attention to other promising cryptocurrencies.

What altcoins to buy before the new rally in cryptocurrencies Currently, BTC is at $57 thousand. Experts suggest that if the coin continues to fall, it will not fall below $50 thousand. All because many institutional investors bought it at this very cost. At the same time, the asset will recover only against the background of the upcoming bullrun. This means that investors should diversify their portfolio with altcoins.

There is another opinion. Peter Schiff proposed to make the transition to gold and, therefore, to withdraw maximum funds from the first cryptocurrency. In March, the financier called for the closure of spot funds for BTC. He is sure that it is more profitable to invest in precious metals.