Bitcoin News
By Steven Anderson
1 / 13
Bitcoin 25% to 30% Sell Off
2 / 13
Economists like David Rosenberg have to state that Bitcoin is a bubble and that investors do not understand how the supply works.
3 / 13
Rosenberg also pointed to how the supply curve of Bitcoin is something that investors think they know, but they do not know.
4 / 13
He states "It's just a classic, follow-the-herd, extremely crowded trade. It's in a massive bubble."
5 / 13
The bubble story apart, fund managers are now placing sky-high predictions for the Bitcoin. Predictions project growth as high as 400,000 on its scarcity value with respect to…
6 / 13
Commenting on Bitcoin, Sydney Ifergan, the crypto expert stated, “Whether Bitcoin (BTC) is a projected bubble or not, it has displayed a 204% growth in 2020.
7 / 13
Investors understand that speculation is risky and they are in reality attracted to high returns despite the associated risks. Anything of high value comes with risk.
8 / 13
Recently, American Millionaire, Mark Cuban expressed that “Bitcoin is more a religion than a solution to any problem.”
9 / 13
Mark Cuban reinstated on how the government’s regulatory measures have the role of protecting their currencies and to demand taxes.
10 / 13
Mark Cuban calls it a collectible financial asset. He also points to how all the talks about Bitcoin replacing cryptocurrency is counterproductive.
11 / 13
It is important to note that the US Commodity Futures Trading Commission (CFTC) classifies Bitcoin as a commodity just like gold.
12 / 13
Experts opine that Bitcoin could see a 25% to 30% sell off in the New Year. Some of them have to state that it took them long to take to the train of Bitcoin investment,…
13 / 13
Many of them are more than glad to buy Bitcoin and put it away for long-term investment to watch it grow.
The Currency Analytics
Want the full story?