{"id":128009,"date":"2020-03-18T00:30:45","date_gmt":"2020-03-18T00:30:45","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=128009"},"modified":"2020-03-20T02:45:35","modified_gmt":"2020-03-20T02:45:35","slug":"this-news-proves-the-crypto-industry-isnt-dead-even-after-bitcoins-50-crash-last-week","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/this-news-proves-the-crypto-industry-isnt-dead-even-after-bitcoins-50-crash-last-week\/","title":{"rendered":"This news proves the crypto industry isn’t dead even after Bitcoin’s 50% crash last week"},"content":{"rendered":"

Glancing at Bitcoin's price performance over the past week,<\/a> punctuated by a 50 percent decline on the days Mar. 12 and 13, it's easy to say that “crypto is dead.”<\/p>\n

Case in point: Peter Brandt<\/a>, a long-time commodities trader that once said BTC could hit $50,000 and beyond<\/a>, recently argued that if he looks at the asset's chart “without bias,” he sees a feasible decline to sub-$1,000 prices. He even went as far as to say<\/a> that once Bitcoin fell under $7,500, he placed all his “bets on zero.”<\/p>\n

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All along I have stated my belief that there was a 50% chance BTC was going to $100,000 and a 50% chance it would go to $0, or literally zero. Once we broke through 7500 I place my bets on zero.<\/p>\n

— Peter Brandt (@PeterLBrandt) March 13, 2020<\/a><\/p><\/blockquote>\n