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Can Bitcoin Reach Its Old Highs Later This Year?

From etftrends.com

With some help from The B Word Conference earlier this week, Bitcoin has rallied, and late Thursday, the largest cryptocurrency was trading over $32,200. However, that’s well off the April highs around $63,500. What was once an asset with a market capitalization north of $1 trillion now sports a market value of around $678.5 billion. In other words, Bitcoin needs to nearly double to reclaim lost glory. Asking it to do that before the end of the year is a tall order, but at least one market observer believes it’s possible. In a recent note to clients, deVere Group CEO Nigel Green says Bitcoin can rally through the end ... (full story)

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  • Category: Fundamental Analysis