Bitcoin has fallen more than 50 percent since the start of the year and one investor says he wouldn’t be surprised to see it cut in half again.
What Happened
Billionaire investor Jeffrey Gundlach on Wednesday warned that Bitcoin’s plunge may not be over.
“It looks like it’s being liquidated,” Gundlach said Wednesday on CNBC’s “Closing Bell: Overtime.”
“So I’m not bullish at $20,000 or $21,000 on Bitcoin. I wouldn’t be surprised at all if it went to $10,000,” he said.
Bitcoin is down 53 percent year-to-date and significantly more from its peak of roughly $69,000 in November.
“The trend in crypto is clearly not positive,” Gundlach said….