Bitcoin Will Not Get to $200K or $300K, Mohamed El-Erian Says, Here's Why

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Bitcoin Will Not Get to $200K or $300K, Mohamed El-Erian Says, Here's Why
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Crypto fans should be enjoying the stability we have had in the past two months: elerianm. SquawkCNBC. Bitcoin $BTC

believes that the crypto sphere is showing a lot more stability now than before, naming a reason for that.

Also, he does not expect Bitcoin to ever turn into a global currency or one that will ever be worth $200,000 or $300,000.CNBC Squawk Box cohost Andrew Sorkin expressed a view that Bitcoin, in the current market recession, has been more stable than the stock market, or at least more than equities. He asked El-Erian if he agrees.now is going through the typical cycle of any innovation: after a boom and overconsumption and overproduction , this period is now"ending in tears.

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