3 reasons a strategist thinks bitcoin could plunge to $40,000 and why crypto winter could drag on for months to come
Bitcoin
The bitcoin winter might stretch on for months to come. The OG cryptocurrency is already mired in a bear market, but the crypto's price could decline to $40,000 as its rout continues, according to John Blank, the chief strategist at Zacks Investment Research. That implies another 49% downside for bitcoin , Blank said, highlighting several reasons behind his in an appearance on CNBC on Monday. "So at $76,000 from $125,000, which was the peak, we can get to 40,000," Blank said, later adding that
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