David Gokhshtein Predicts Bitcoin to Hit $0: Crypto Twitter Reacts

Summary:
• David Gokhshtein, a crypto media personality and entrepreneur, predicts that Bitcoin (BTC) is headed to $0.
• His opinion was met with backlash from the crypto community on Twitter.
• Dogecoin (DOGE) showed strength against Bitcoin (BTC), which is considered a bullish signal, but its market price has yet to reflect this trend.

David Gokhshtein’s Forecast

Entrepreneur David Gokhshtein tweeted a pessimistic forecast that Bitcoin (BTC) is going to zero after billions of dollars evaporated in minutes due to the Silvergate-related market crash. This sparked immediate backlash from the Crypto Twitter community who accused him of seeking attention for his views.

Dogecoin’s Relationship with Bitcoin

Gokhshtein didn’t mention Dogecoin’s relationship with Bitcoin (BTC). The price correlation coefficient between Dogecoin (DOGE) and Bitcoin (BTC) is just 0.34, indicating weak diversification. Despite this, crypto trader The Doge Coach argued that there is a huge possibility of DOGE breaking out against BTC. However, DOGE still lags behind BTC at press time with a 4.9% daily decline and 20.8% overall drop in value according to CoinGecko.

Silvergate Crisis Impact

The news of Silvergate bank facing major crisis sent shockwaves through the whole market and caused billions of dollars worth of assets to vanish in minutes. As investors scrambled to assess the extent of damage caused by this event, Mr Gokhshtein shared his take on the situation by predicting that BTC would go down all the way to $0 mark eventually.

SEC’s Stance on Cryptos

One crypto fan remarked that SEC chairman Gary Genlser only considers BTC as non-security in response to which Gokhshtein sarcastically remarked “Apparently; #bitcoin isn’t going to $0” before re-iterating his original opinion about BTC hitting zero again by saying “It’s going to zero” again in same thread itself.

Conclusion

Ultimately it remains difficult to predict whether or not Mr Gokeshtin’s predictions will come true as he has very little evidence other than his own opinion at hand – which may be correct or wrong depending upon how much faith one puts into it!