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Bitcoin set to have a 2017-style mini boom, says deVere chief

From internationalinvestment.net

The prediction from the deVere Group founder, which has $12bn under advisement, comes as Bitcoin - already one of the best-performing assets this year - appears to be on the brink of a bullish breakout. In recent days, Square, which is owned by the billionaire founders of Twitter, has allocated 1% of its cash reserves to the cryptocurrency, whilst a former Goldman Sachs hedge fund chief says the price of Bitcoin will jump to $1m in five years. There’s been something of an avalanche of interest in Bitcoin in recent weeks from household-name investors." Green observed: "There's been something of an avalanche of ... (full story)

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  • Category: Fundamental Analysis