Could Bitcoin Crash to $5,000 Following a Collapse of Binance?

• Binance remains under stern scrutiny from regulators and the community.
• Debate rages as some question the legitimacy of Bitcoin in such a scenario.
• Crypto influencer Rover predicts Binance collapse could lead to a drastic Bitcoin crash to $5,000.

Prominent crypto influencer Crypto Rover has sparked conversations about the potential consequences of the collapse of Binance, the largest crypto exchange. In a recent tweet, Rover argued the collapse of Binance would spell doom for the largest cryptocurrency, Bitcoin. He believes the fall of Binance would imply Bitcoin crashing 81.23% from its current $26,627.

“If Binance collapses, Bitcoin is going to $5,000,” Rover remarked.

If #Binance collapses

Bitcoin is going to $5,000

The entire industry will be screwed.

I don't want this, but I do want to reveal the truth.

— Crypto Rover (@rovercrc) September 22, 2023

Furthermore, the crypto influencer highlighted that the effect of such a collapse would shake the entire digital industry. This view stems from the fact that Binance is the most prominent crypto asset manager with nearly $60 billion.

Despite the potential consequence of such happening, Rover expresse…

The post Could Bitcoin Crash to $5,000 Following a Collapse of Binance? appeared first on Coin Edition.