PANews November 8th reported that macro analyst and investor Mel Mattison stated in a YouTube interview on Friday that the rapid rise of Bitcoin to $250,000 could lead to a “bubble top,” where investors rush to take profits. “One of the worst-case scenarios is Bitcoin soaring to $250,000 within three months, while the S&P 500 also rises to 8,000 points. Then, there would be a surge and crash, with everyone rushing to sell for profits, and the price would start to decline,” Mel Mattison said. He added that Bitcoin is experiencing a “healthy rotation.”
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