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A Bloomberg expert and senior commodity strategist, Mike McGlone, in a recent tweet, compared Bitcoin to the internet Dotcom bubble of the early 2000s. According to his analysis, the Bitcoin price may soon crash to $10,000. However, the ongoing level of institutional interest shows otherwise and this bearish expectation could be invalidated in quick succession.
Bloomberg Expert Speculates Huge Crash of Bitcoin Price
In an analysis that sharply contrasts the current reality of BTC, a Bloomberg expert thinks the Bitcoin price may soon crash to $10,000. In a nutshell, the Bloomberg expert thinks the Bitcoin price keeps surging based on superficial hype, similar to the internet bubble of the 2000s. In the 2000s, tech stocks skyrocketed not because of their application to the economy but simply because it was the latest innovation everyone kept hyping — which later resulted in an 80% crash of tech stocks.
The Bloomberg expert further says that BTC’s rival, gold, is on the rise, while Bitcoin’s price is down significantly. With the recent launch of crypto ETFs, the Bloomberg expert thinks the Bitcoin price bubble may soon burst, leading to a crash to $10,000.
However, the high level of institutional interest from institutional investors to governments tells a different story. In the last 24 hours, Bitcoin price analysis suggests that BTC may reclaim $90,000 after finding support at $84,000.
Other cryptos with high value and adoption are also rising apart from BTC. For instance, FloppyPepe (FPPE), an AI coin, crossed $1 million in its ongoing presale in just a few days.
FloppyPepe (FPPE) Presale Performance Solidifies Crypto As A Digital Gold
Far from what the Bloomberg expert thinks may happen to the Bitcoin price and the entire crypto market as a whole, the performance of the crypto market shows its digital Gold. Currently, FloppyPepe (FPPE) is a big player in the crypto world, an AI coin blending real-world utilities with blockchain technology. Like BTC, it is set to record a high adoption rate with the release of its AI machines. While Bitcoin is a store of value, FloppyPepe (FPPE) is a meme coin that uses AI technology to spice meme culture in the crypto scene and beyond.
Through its recently released text-to-image Meme-o-Matic AI machine, anyone with an idea can create memes easily. The idea must be input as text, and the AI machine will turn it into high-quality meme images. This can range from trending topics to just about anything.
Floppy X, its soon-to-be-released image-to-video AI machine, is another tool to look out for as it can create high-resolution videos from image prompts, taking AI media generation to a whole new level.
With the possibilities and opportunities the AI tools offer, content creators and meme enthusiasts are widely adopting FloppyPepe (FPPE) offerings, and even Web3 marketing teams are expected to start adopting them.
FloppyPepe (FPPE) has learned from the inflation and loss of value most meme coins face and developed a deflationary tokenomics to ensure a high value for its tokens. It systematically burns 1% of every transaction to reduce the circulating supply and drive value in the long run. Its tokenomics model also includes 1% of every transaction allocated to contribute to environmental needs, such as taking care of wildlife and endangered species.
FloppyPepe (FPPE) is already paving its way into the market through tokenomics and AI tools. At press time, its ongoing presale has raised over $1 million, and this is after FloppyPepe (FPPE) private presale raised over $900,000 in just 24 hours. With this growth and having passed Solidproof’s smart contract audit, this AI crypto is set to rank among the best cryptos and gain mainstream adoption like Bitcoin.
Breaking The Mold
With the current adoption rate and the rise in the Bitcoin price, the Bloomberg expert’s prediction of BTC falling to $10,000 seems almost impossible. If anything, cryptocurrencies are already an integral part of the world’s economy. Given this, now is the best time to join cryptos with good utilities and tokenomics models. So, with the offers of FloppyPepe (FPPE), joining its presale is a good way to position for good growth.
Selling for just $0.0000002, joining its presale now is a way to enjoy good profit as the presale price is set to increase as the stages change, giving early investors an opportunity to see ample ROI even before launch.
Join the FloppyPepe (FPPE) presale and community:
Website: https://floppypepe.io/
Whitepaper: https://floppypepe.gitbook.io/floppypepe.io
Telegram: https://t.me/floppypepeofficial
X (Twitter): https://x.com/floppypepe
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