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Crypto Perma-Bear Ridicules Rally, Warns Bitcoin Price Will ‘Collapse’

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The bitcoin price is going to “collapse” soon despite the latest rally because cryptocurrencies are worthless. That’s the opinion of Peter Mallouk, the president of Kansas investment firm Creative Planning. “What we’re going to see, most likely is, we’re going to see cryptocurrencies collapse,” Mallouk told CNBC. The bitcoin price mysteriously spiked on April 1 and climbed above $5,000 for the first time since November 2018. While cryptocurrency bulls insist this is a sign that the Crypto Winter is officially over, Mallouk urges caution. Peter Mallouk: ‘It’s Not a Real Investment’ Mallouk, a certified financial planner, says investing in bitcoin

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* First published on ccn.com

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