Thomas Power, the crypto enthusiast and the board member of 9 spokes had advice for crypto investors to hold their investments for now and put their money into the currency once BTC reaches $3,000.
The crypto analyst anticipated the market crash recently and the prophecy did come true. The market saw a huge drop in valuation yesterday dropping from $217 billion to $197 billion, later trying to stabilize above $200 billion as of press time. Bitcoin has been performing poor in terms of valuation for the last two days specifically, it also hasn’t made any significant growth for the past 2 months trying to float over $6,400 marks. According to coin360
BTC, ETH and BCH have under-performed once again while XRP has struggled to stay above $0.40 and regain the lost valuation. The loss, however, isn’t the worst that we’ve seen. Thomas Power stated his thoughts about the overall market saying that there would be a worse fall,
I’m a bear for everything. Expecting 50% fall across the board and shorting all of it.
After the crypto and stock market was hit, Thomas added to his market predictions saying that this is just the beginning, and “the real BIG global crash would be happening in 2020-2022. The equities, properties and everything would be down by 50%.”
Crypto analysts like Ran Neu Ner and Arthur Hayes predicted at the beginning of the year that BTC would hit $50,000 by the end of the year. Their predictions look more unachievable compared to the statements made by Thomas, who said talking to BlockPublisher,
Falling to BTC $3000 $ETH $100 then rising during the crash of 2020-2022.
He may be bearish considering his predictions and opinions but he also stated that it would be great to buy BTC when it hits $3,000. He said that ETF is the pivot point for BTC growth saying, “SEC will give BTC brand confidence in 2019, rest will follow in 2020 post crash.”
Further explaining his long bull predictions, he said,
… on course then for $100,000 in 2023, $500,000 in 2025 and $1m in 2038.
Assuming that these predictions come true, it would be the best time to buy BTC when it hits its $3,000 low.