CandleFocus Bitcoin Might Still Crash to Zero, Top Angel Investor Claims
2024-11-11
Author: Content Editor
In a recent social media post, angel investor Jason Calacanis predicted that the chances of Bitcoin crashing to zero are now unlikely, with a probability of less than 5%. Previously, in late 2018, Calacanis estimated the probability at 70% during a bear market for Bitcoin. He expressed surprise that governments had not banned the cryptocurrency and praised the resilience of the Bitcoin network. Calacanis also disclosed significant holdings in Bitcoin, which were purchased at low prices. Bitcoin recently reached a new record high of $81,800.
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