Bitcoin's 50% Crash to $3K Will Soon Seem "Insignifican't": Ross Ulbricht

One of the most recognizable and well-regarded names in the Bitcoin space is American programmer Ross Ulbricht. Ulbricht, who is also known by his online moniker “Dread Pirate Roberts,” is known for running the Silk Road, the infamous dark web marketplace known for catalyzing much of the early adoption of crypto. Thus, when he revealed a few weeks ago that he is bearish on Bitcoin from a technical analysis perspective, many were surprised.

In a Medium post titled “Bitcoin by Ross #9: A Strong Signal for Lower Prices,” which he wrote in prison but distributed through those who visited him, Ulbricht explained that he sees a serious chance BTC could revisit the $3,000s by June or July, or well into 2021 — depending on how the market trends in the near term. Read More...

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