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Home Bitcoin

Former American League Rookie Predicts Bitcoin (BTC) Will Rise By 8% Then Drop 33%

by Khalid Lawal
November 27, 2019
in Bitcoin, Cryptocurrency
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A former Major League Baseball player popularly known for causing controversies on social media with his eccentric, Jose Canseco, has given another opinion on the possible trend of Bitcoin (BTC) after a number of analysts and experts in the space envisioned possible imminent boom for the coin and its contemporaries.

Jose Canseco, an erstwhile American League Rookie of the year, advised people to stay aloof Bitcoin because of its possible plummeting hurricane effect that can wreck one’s treasury. Canseco noted that even though the crypto has in the past witnessed tremendous spike that enriched its hodlers, Bitcoin (BTC) will only rise slightly with a succeeding huge dip.

Stay away from Bitcoin it will go up 8% then rapidly drop 33%

— Jose Canseco (@JoseCanseco) February 14, 2019

As Bitcoin suffered its yearly low of $3,150, the lampoon went far and wide on Twitter with chain of responses coming from lovers of the digital currency.

The cofounder of H4SHR8 Crypto Mining Podcast, Christopher Walken, who is also a manager at Honey Miner, replied the former baseball player satirically. While Canseco, in June 2003, was indicted, arrested and jailed for using steroid which violated probation, Walken advised Canseco to stay away from steroid.

Stay away from steroids
Muscle mass will go up 8% but then ball size will rapidly drop 33%

— ⛏Crypto Christopher Walken🥃 (@cryptochrisw) February 14, 2019

Another lover of Bitcoin responded to the satire, and said Bitcoin (BTC) is less volatile than steroid, and some others believe the popular erstwhile baseball player is only trying to cause FUD in the market to unveil and evangelize for a probable $JOSE coin.

Bitcoin (BTC) in the last few months

The last few months of the crypto king, Bitcoin (BTC), has been featured by fare share of ups and downs, as many freaks out and the crypto whales continue to hodl.

Sometime back, Litecoin’s Charlie brother, Bobby Lee, stated that he won’t be surprise of Bitcoin hit $3000, and at this point, the weak people in the crypto space (those who don’t know why they are hodling a money losing value) will be freaked out.

Nevertheless, the founder and chief executive of Galaxy Digital, Mike Novogratz, opined that Bitcoin (BTC) can still return to $8000 this year if the dough in the weak hands of consumers gives way to institutions.

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NewsLogical Inc. is a U.S.-centric firm established in 2019 with the aim of providing resourceful and up-to-date cryptocurrency and blockchain information.

Email: info@newslogical.com

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Contents on NewsLogical.com are only for informational purposes and should not be construed as financial or investment advice.

Trading cryptocurrency is considered a high-risk activity that requires technical knowhow because digital currencies are generally volatile.

Contact financial experts for guidance before making any cryptocurrency investment decision.

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