Tom Lee, a market strategist from Fundstrat, is buying in this so-called “Bitcoin pullback”. He has now increased his mid-2018 Bitcoin price target to $20000 from the initial prediction of $11,500.
No doubt the price has dipped due to profit taking, however, newcomers to this market could be running scared thinking they have already lost. For fear of losing out (FOMO), some people have mortgaged their homes, while others bought on credit – consider this, the rule of thumb is never to invest more than you can afford to lose in this some times volatile new market.
Welcome to the world of cryptocurrency where emotions and speculation can impact the price, be it higher or lower. Take a look at what happened to the Bitcoin Market in the last month: –
More Bitcoin Price predictions from Jehan Chu, Kenetic Capital managing partner, in this video below:-
If you think you have missed the boat with Bitcoin, then take a look at these other cryptocurrencies –
More news on Wall Street – Goldman Sachs – Cryptocurrency Table June 2018
Bloomberg interview with Jehan Chu – Bitcoin Price Prediction $50000 by the end of 2018 – Click here
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