• Looking Ahead to $20,000 Bitcoin

    8 monthes ago - By ETF Daily News

    In last week's Investor Alert, our investment team shared with you a report from Morgan Stanley that says bitcoin's price decline since December mimics the Nasdaq tech bubble in the late 1990s. This isn't earth-shattering news in and of itself. The main difference is that the bitcoin rout happened at 15 times the rate as the tech bubble.
    Morgan Stanley has some good news for bitcoin bulls, however: The 70 percent decline is “nothing out of the ordinary,” and what's more, such corrections “have historically preceded rallies.” Just as the Nasdaq gained back much of what it lost in the...
    Read more ...

     

  • Bitcoin Investment Worse Than Gambling Russian Minister Says

    Bitcoin Investment Worse Than Gambling Russian Minister Says

    8 monthes ago - By Wall Street

    The Russian Opinion
    Opinion is widely divided the world over on what to do with Bitcoin and its cohorts of cryptocurrencies. Just a few days when it was widely reported that the Russian government was intending some form of licensing and taxation on the cryptocurrency industry, the Russian Minister for the economy has come out with an attack on Bitcoin specifically.
    The Minister in an interview expressed the view that Bitcoin investments is as unsafe they come, saying that its risks are greater than playing the roulette with your money at the casino.
    Bitcoin The Extreme Volatility
    Makshim...
    Read more ...