Jeffrey Tucker says bitcoin will fall to $ 10,000 in the near future

The liquidity crisis on the FTX exchange has had a negative impact on the entire cryptocurrency market — BTC $113,691.37 Bitcoin -0.83% Market capitalization $2.26 trillion VOL. 24 hours $1.36 billion has lost the crucial $ 20,000 support level. Crypto analysts are trying to predict what the bottom of the flagship cryptocurrency will be and when it will happen. Jeffrey Tucker, the founder of the private Brownstone Institute and a cryptocurrency fan, shared his assumptions.

According to Tucker, bitcoin will hit the bottom at $ 10,000 in the near future. After that, the flagship cryptocurrency will need a lot of time to recover, the expert told Kitco News. Jeffrey Tucker also emphasized that the cryptocurrency space is very unstable now, so users should refrain from investing during the downturn.

The founder of the Brownstone Institute expressed the opinion that governments should focus on the regulatory aspect to protect investors from further market downturns. This point of view is also shared by the White House, according to Karin Jean-Pierre, the press secretary of the US presidential administration, the White House wants to introduce enhanced oversight of cryptocurrencies. «The White House has consistently argued that without proper oversight of cryptocurrencies, they risk harming ordinary Americans,» Jean-Pierre emphasized.

Earlier, we reported that the US Securities and Exchange Commission (SEC) is thoroughly investigating the actions of Сем Бенкман-Фрід" href="https://noworries.media/biography/sem-benkman-frid/" data-bio-id="3697″ data-wpel-link="internal">Sam Bankman-Fried, which provoked a liquidity crisis at FTX.com. The SEC emphasized that the inspection does not mean that the head of the crypto exchange or other FTX employees are necessarily accused of illegal actions.