Bitcoin could tumble below $30,000 this year as the crypto bubble pops, Invesco says | Currency News | Financial and Business News

Bitcoin slumped Wednesday and into Thursday.

  • Bitcoin could fall below $30,000 in 2022 as air leaves the crypto bubble, Invesco said in its “improbable but possible” forecasts.
  • Invesco strategist Paul Jackson said the marketing around bitcoin reminds him of the run-up to the 1929 crash.
  • If bitcoin follows the trend of other manias, then a rocky couple of years lie ahead, he predicted.

Bitcoin could tumble below $30,000 this year as the air comes out of…


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