Bitcoin bounces after drop from all-time highs: Four market analysts on what they’re watching

  • 📰 CNBC
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Bitcoin bounces after drop from all-time highs: Four market analysts on what they’re watching (via TradingNation)

earlier in the week on fears of a regulatory crackdown from the new Biden administration.Here's what experts are watching now.

"I don't believe in bitcoin. There's no way that it's going to be a currency until the volatility stops. You can't walk into a grocery store with $100 of bitcoin in your pocket and by the time you get to the cash register, it's worth $50. … It'll still go up and down, still be a spec trade, but that's what it is, call it for what it is."

"Bitcoin, when you hit $30,000, people want to begin to spend that at the point of sale and you can't just spend cryptocurrencies at the point of sale.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

TradingNation BTC just doing what it’s done 5 outta 6 January’s ,When riding a bull that bull will buck to throw off weak hands in the same way Tesla / US $/ gold / oil don’t move in straight lines . It’s amazing after 11yrs the MSM still don’t understand Bitcoin but are happy to spread FUD

TradingNation I’m giving out 4btc

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines