Bitcoin will fall another 30% to $44,000, prominent BTC miner says

Jiang Zhuoer, one of China’s best-known bitcoin BTC$ 59,211.32 miners and founder of the LeBit mining pool, predicted that the current bear market will bottom in the fourth quarter at roughly $42,000-$44,000. The forecast, made in Chinese on X, puts the low some 30% below bitcoin’s current level near $60,700, and rests less on the cryptocurrency’s performance than on Strategy, the largest corporate holder of the token, according to an automated translation. Jiang analyzed Strategy’s market net asset value (mNAV), the ratio of the company’s stock price to the per-share value of the bitcoin it holds, which has dropped to…