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Nick Colas, the first Wall Street analyst covering cryptocurrencies and the co-founder of DataTrek research, recently argued that bitcoin is potentially in for a wild ride in 2018, as he sees the cryptocurrency fluctuate between $6,500 and $22,000.
According to CNBC, the analyst, who’s been following bitcoin for at least four years now, doesn’t see bitcoin’s volatility going anywhere in 2018, as “bitcoin and cryptocurrency are hard to value and their economic utility relies on use cases that are not yet built.” To Colas, a midpoint range of $14,035 is a reasonable price point for the flagship cryptocurrency next year.
Read More:
https://bitzamp.com/bitcoin-may-fluctuate-6500-22000-2018-wall-street-analyst/