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Bitcoin Will Soon Drop To 16,000. Cesare Graf Warns US Dollars, Ethereum And Local Currency ‘They Will Be In Hell’

Bitcoin Will Soon Drop To 16,000. Cesare Graf Warns US Dollars, Ethereum And Local Currency 'They Will Be In Hell'

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Cesare Graf

Although many people are expecting the cryptocurrency market to rebound soon and return to a growth trajectory, well-known Polish YouTuber and real estate consultant Cesare Graf believes that the sell-off is far from over. In his opinion, Bitcoin will drop to $16,000 and “ETH and alts are going to hell.”

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The prices of many popular cryptocurrencies have fallen by 70%, 80% and sometimes more than 90% over the past months. This massive sale reduced the capitalization of the entire virtual asset market by $2.18 trillion, or 73.32%. From $2.97 trillion to just $792.72 billion.

Looking at the prices of the oldest cryptocurrency, we can see that the BTC price drop stopped near the $20,000 technical support.

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Cezary Graf believes that this support will be defeated, however, Bitcoin will drop towards $16,000 in the near future.

He also believes that “ETH and Alta will be in Hell.”

A well-known YouTuber, Polish economist and real estate consultant, also believes that after BTC, ETH, and altcoins, there will be a stable time for currencies and companies that actively invest in cryptocurrencies and keep their balance sheets in it.


He pointed out that the regulations will eventually collapse, “and then we can talk about a party.”

The author also recommends the following:

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