Bitcoin Could Fall to $17,000: Opinion

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According to DataDash CEO Nicholas Merten, Bitcoin could experience a sharp decline if the US economy enters a recession.

This prediction was made last week, contrary to the belief of some experts that the weakening of the US dollar could lead to a surge in digital asset investments, particularly in Bitcoin.

Merten also pointed out that a recession in the US could lead to a decrease in demand for commodities such as oil and gas, causing a crisis in the stock market and making Bitcoin one of the most affected assets.

He even suggested that BTC could drop as low as $17,000 or $15,000 in this scenario.

However, Merten also believes that once the economy begins to recover, Bitcoin will once again become a popular investment option for investors.