Peter Boockvar, Wall Street analyst: "Bitcoin can fall to a thousand dollars!"

According to Wall Street analyst Peter Boockvar, the decline in the month of Bitcoin that we passed may be a much worse news story.

Peter Boockvar, chief investment officer at Bleakley Investment Group, said crypto money could fall by 90%. He also noted that prices have returned to levels he has not seen since February 2017, when the climb started.

Wall Street analyst foresees a bad scenario
Peter Boockvar said that prices could fall too much, saying:

I am surprised that the price of Bitcoin will be between one thousand dollars and three thousand dollars in the next year.

According to CoinMarketCap, the price of Bitcoin dropped by 12% yesterday to 10 thousand dollars.

"Waves can jump on Wall Street."
Boockvar said he did not expect Bitcoin to disappear, but that the rise in global interest rates was responsible for it. According to Boockvar, the monetary policies designed to mitigate the effects of the global economic crisis are quantitatively facilitated, as well as the downside Bitcoin is currently experiencing.

Boockvar finally stated:

The problem with crypto money fluctuations is that there is a possibility of the Wall Street leaping despite the economy's healthy structure.