By CCN: Several months ago, Tone Vays, a polarizing figure in the crypto community, laid down the gauntlet on Twitter. Doubling down on his gloomy short-term bitcoin price forecast, Vays challenged his critics to take on a bet that’s worth $250,000. Analyst: Bitcoin Price Will Crash Below $2,000 The terms are simple: if the bitcoin price drops below $2,000 before the 2024 halving, Vays wins, and the loser sends him 100 BTC (worth $200,000 that day). On the other hand, if bitcoin does not fall below $2,000 in five years, Vays sends $250,000 or 1 bitcoin, whichever is worth more.

The post Bitcoin Analyst Bets $250,000 BTC Plunges 75%: Here’s Why He’ll Lose appeared first on CCN