Gareth Soloway warns of ‘terrible’ market crash

2023-04-19 13:27:00

[뉴욕=박재형 특파원] Pinbold reported on the 19th (local time) that an investment expert warned of the possibility of a terrible crash in the cryptocurrency market as the overall market fell sharply, with Bitcoin falling below $30,000.

Gareth Soloway, a market analyst at InTheMoneyStocks.com, appeared on the YouTube David Lean Show and warned that the stock market might crash in the near future and that the dire situation might spill over to the cryptocurrency market.

“The Federal Reserve warned of a possible ‘slight’ recession, and we saw what actually happened following the Fed said ‘slight’, ‘temporary’,” he said. It is expected, and cryptocurrency will not be an exception.”

“I always say this because I don’t want to shock the market, but smart investors should start preparing for recessions that are worse than they say,” Solloway said of the Fed and other authorities.

According to CoinMarketCap data, in the morning of New York time, Bitcoin was trading at $29,248, down 3.6% from 24 hours ago.

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