HEX founder Richard Heart predicted exclusively to Watcher Guru in May 2022 that Bitcoin will crash to $11,000. At the time of his prediction, BTC was trading at $29,915, and four months later now, it is at $19,000.
Watcher Guru reached out to the crypto tycoon again if he still believes that BTC is headed towards $11,000. Heart doubled down on his predictions claiming that Bitcoin will crash to $11K dipping 85% from its all-time high of $69,044, which it reached in November 2021.
“Bitcoin will continue to fall down to $11,000 as long as the grayscale discount to NAV exists. It’s the normal 85% price dip Bitcoin does. Mt GOX coins being released is more potential sell pressure,” he said to Watcher Guru.
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