cryptocurrency – Muhasebe News https://www.muhasebenews.com Muhasebe News Wed, 27 Dec 2017 12:17:24 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.3 Cryptocurrency Entrepreneur Says Bitcoin Can Hit $60,000 in 2018 https://www.muhasebenews.com/en/cryptocurrency-entrepreneur-says-bitcoin-can-hit-60000-in-2018/ https://www.muhasebenews.com/en/cryptocurrency-entrepreneur-says-bitcoin-can-hit-60000-in-2018/#respond Wed, 27 Dec 2017 12:17:24 +0000 https://www.muhasebenews.com/?p=25696 The co-founder and president of TenX, the cryptocurrency entrepreneur Julian Hosp says: “I think we’re going to see bitcoin hitting the $60,000 mark, but I also think we’re going to see bitcoin hitting the $5,000 mark. The question is though, ‘Which one is it going to hit first?'” he said.

Hosp says they expected the price of bitcoin to fall. “This dip for us was very, very healthy, and some of us have used it to buy a little bit more because suddenly we had 40-45 percent discount to all-time highs. I think in the long run, we will always see a little bit of an up move, and then a dip down.”

He adds: “I don’t think it’s going to be a bubble that’s just going to burst and everyone is going to lose their money, but I think it’s going to be that all the coins and all the assets with very little use or value are going to get sorted out. I see bitcoin more as digital gold, rather than a currency that is going to be used on a daily basis.”

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Is Bitcoin Digital Gold https://www.muhasebenews.com/en/is-bitcoin-digital-gold/ https://www.muhasebenews.com/en/is-bitcoin-digital-gold/#respond Mon, 18 Dec 2017 11:30:48 +0000 https://www.muhasebenews.com/?p=25223 According to CNBC, Wall Street strategist Tom Lee Bitcoin is “digital gold” for millennials. He says that the cryptocurrency could achieve the $100,000.

Bitcoin surpassed $10,000 as seen on CoinDesk. Lee told Squawk Box: We think over the next 10 years, this new generation of millennials are going to view trust as a replacement for gold. So, bitcoin is essentially digital gold for another generation. If it gets “5 percent of just the gold market, it’s $25,000. But 5 percent seems like an awfully small number. Let’s say it’s 10 or 15. Then bitcoin could easily be in the $100,000 range.”

Lee raised his mid-2018 price target for bitcoin to $11,500. Bitcoin is up more than 130 percent over the last three months. Earlier this week, former Fortress hedge fund manager Michael Novogratz predicted on CNBC that bitcoin could “easily” be at $40,000 at the end of 2018.

Source: cnbc

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