{"id":79128,"date":"2023-05-22T17:41:19","date_gmt":"2023-05-22T14:41:19","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=79128"},"modified":"2025-09-11T09:14:26","modified_gmt":"2025-09-11T06:14:26","slug":"expert-warns-of-bitcoin-slipping-toward-20000","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/expert-warns-of-bitcoin-slipping-toward-20000\/","title":{"rendered":"Expert warns of Bitcoin slipping toward $20,000"},"content":{"rendered":"<p>Michael Kramer, founder of asset-management firm Mott Capital Management, has expressed concern about a potential drop in Bitcoin toward the $20,000 level.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Watching <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#bitcoin<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24btcusd&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$btcusd<\/a> here for potential breakdown. Very good leading indicator for risk assets in general. A breakdown is not a positive for <a href=\"https:\/\/twitter.com\/hashtag\/stocks?src=hash&#038;ref_src=twsrc%5Etfw\">#stocks<\/a> <a href=\"https:\/\/t.co\/HEdgXe2nEH\">pic.twitter.com\/HEdgXe2nEH<\/a><\/p>\n<p>\u2014 Michael J. Kramer (@MichaelMOTTCM) <a href=\"https:\/\/twitter.com\/MichaelMOTTCM\/status\/1660275342869774347?ref_src=twsrc%5Etfw\">May 21, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In his view, Bitcoin is a very good leading indicator for high-risk assets in general. Therefore, the expert believes that a decline in digital gold would be a negative factor for the stock market.<\/p>\n<p>In late April, the price of Bitcoin <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-price-back-above-30000\">reached levels<\/a> above $30,000, but could not sustain them. At the time of writing, the price is once again attempting to settle above $27,000, up 1% for the day (<a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>).<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"631\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/image-314-1024x631.png\" alt=\"image-314\" class=\"wp-image-207558\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/image-314-1024x631.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/image-314-300x185.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/image-314-768x473.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/image-314.png 1326w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>4-hour BTC\/USDT chart on the Binance exchange. Data: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSDT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>In March, influential figures surveyed by CNBC <a href=\"https:\/\/u1f987.com\/en\/news\/cnbc-major-players-forecast-bitcoin-to-reach-100000\">demonstrated bullish sentiment<\/a> regarding Bitcoin. According to their forecasts, this year the asset could test <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-price-hits-all-time-high-at-69000\">the previous high<\/a> and even reach $100,000.<\/p>\n<p>In the run-up to that level, but over the next 12 months, <a href=\"https:\/\/u1f987.com\/en\/news\/messari-ceo-forecasts-bitcoin-to-reach-100-000\">expressed confidence<\/a> by Messari founder and CEO Ryan Selkis.<\/p>\n<p>Standard Chartered analysts pushed the milestone of Bitcoin reaching $100,000 <a href=\"https:\/\/u1f987.com\/en\/news\/analysts-forecast-bitcoin-to-reach-100000-by-the-end-of-2024\">to a later date<\/a> \u2014 by the end of 2024.<\/p>\n<p>Confidence that the industry will soon <a href=\"https:\/\/u1f987.com\/en\/news\/robert-kiyosaki-forecasts-bitcoin-to-reach-100000\">see this price<\/a> was expressed by the author of the bestseller &#8220;Rich Dad Poor Dad&#8221; and entrepreneur Robert Kiyosaki.<\/p>\n<p><a href=\"https:\/\/u1f987.com\/en\/news\/author-of-the-bitcoin-standard-rejects-forecast-of-btc-approaching-1-million\">criticized<\/a> a bolder forecast \u2014 <a href=\"https:\/\/u1f987.com\/en\/news\/expert-questions-the-odds-of-former-coinbase-ctos-bet-that-bitcoin-will-reach-1m\">$1 million per bitcoin<\/a> in the near term.<\/p>\n<p>However, ARK Invest believes that prices will even <a href=\"https:\/\/u1f987.com\/en\/news\/ark-invest-bitcoin-price-to-exceed-1-million-by-2030\">surpass this level<\/a> by 2030.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Michael Kramer, founder of asset-management firm Mott Capital Management, expressed concern about a potential drop in Bitcoin toward the $20,000 level.<\/p>\n","protected":false},"author":1,"featured_media":79129,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1146,1138],"class_list":["post-79128","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-cryptocurrency-market-forecasts","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/79128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=79128"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/79128\/revisions"}],"predecessor-version":[{"id":79130,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/79128\/revisions\/79130"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/79129"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=79128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=79128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=79128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}