Where’s bitcoin going? Two opposing views take a look ahead

Where’s bitcoin going? Two opposing views take a look ahead

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As bitcoin crosses $8,000 this week, two passionate views are on full display.


The bitcoin boosters and bulls are saying watch out for $10,000 before the end of December and $11,500 in 2018.


Despite the bitcoin market run-up, the bears are forecasting a serious reality check for the digital currency, perhaps even “peril.”


We’ve got expert insight and both points of view in this pre-Thanksgiving newsletter. Enjoy the contrast in opinions and do have an enjoyable and relaxing Thanksgiving with family and friends.


Will bitcoin break $10,000 barrier by Dec 31?

http://paymentsnext.com/will-bitcoin-break-10000-barrier-by-dec-31/Will bitcoin bust the $10,000 barrier within the next five weeks or is this just a herd mentality? Now, as bitcoin heads past $8,000, Fundstrat analyst Thomas Lee says he expects $11,500 by the middle of 2018. Read more…


Bitcoin in peril: “Unchartered waters,” says Cumberland CEO

http://paymentsnext.com/bitcoin-in-peril-unchartered-waters-says-cumberland-ceo/David Kotok, CEO of Cumberland Advisors tells clients if they want to wade into this market which has only a few years of history, you might make a lot of money in the short-term or you might lose it all. We’re in “unchartered waters.” Read more…


This post was originally published on PaymentsNEXT news and is shared here with permission.