According to CNBC, a leading market analyst on Wall Street, Peter Boockvar – who is Chief Investment Officer at Bleakley Advisory Group – predicts long-term stability for the cryptocurrency bitcoin.

He says stability will come at a cost as the bubble finally bursts on bitcoin, sending the value plummeting to a cool $1000. This represents a drop in the value of almost $11,000 on a recent trading price of $11,868.

Boockvar predicts plummeting losses of between 70% and 90%, which will leave the cryptocurrency relatively stable at a value of between $1000 and $3000.

This raised fears in some quarters of a potential stock market crash. However, Boockvar says his prediction is based on the psychology of users, claiming that the loss in value of bitcoin’s market cap of $100 billion will have little impact to a $19 trillion economy, although, he does warn of danger to investors who used credit to obtain the cryptocurrency.

Nonetheless, whether the cryptocurrency represents a financial bubble is up for debate. Prominent experts on financial bubbles, such as Nobel Prize winner, Robert Shiller, seem uncertain. Because cryptocurrencies are relatively new and surrounded by uncertainty, predictions are difficult to make with any accuracy.