The strategist for commodities of the analytical division of Bloomberg Intelligence Mike McGlone believes that the probability of a 90% drop in bitcoine prices in the conditions of uncontrolled supply growth in the market is quite high.
"I've been studying this topic for a long time and the more research I do, the more I tend to bearish. All this is very similar to the Internet company of the late 90's, "McGlone emphasized.
Who is this McGlone, who then considers him an expert?
But the case of "unlimited supply" clearly is not the case with Bitcoin. Maybe with altcoins it would be true, but this is exactly the reason the altcoins are just altcoins and it is Bitcoin which had its price at 20k level a month ago, not some altcoin.
The reasoning based on a false assumption is false, mate.