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mid-November plunge of more than 20 percent in bitcoin's price, Novogratz said he bought 15 million to 20 million worth of the digital currency, according to Reuters. Most decision making bodies and financial experts, however, see Bitcoin more as a store of value, an asset rather than a medium of transaction.

This aside, it is clear that there is a real bull case for this budding asset class, even though widespread adoption is still a few years away. Outside factors will play a significant role Many observers believe that outside factors which affect the adoption of bitcoin will ultimately dictate the price in the short-term. I will still eat my d*k if wrong. The Swiss-based financial expert will have us brace up for a decade of turbulence before any hope for a stable bitcoin. Square, Robinhood, and, circle have rolled out cryptocurrency brokerage products intended to make the nascent asset class more accessible to retail investors, while firms such as Coinbase and Xapo have built custodial solutions tailor-made for institutions. Japanese yen trading in bitcoin dominates trading volume at about 62 percent, according to CryptoCompare. Well, that doesnt seem practical but the message was clear. Show chapters, former Fortress hedge fund manager Michael Novogratz said Monday that bitcoin can multiply more than four times in roughly the next 13 months. Litecoin forecast news - Mon Oct. As Bitcoin, along with the rest of the cryptocurrency market, began to rally heading into last weekend, the sentiment surrounding the future prices of crypto assets seemingly began to shift, as many optimistic investors claimed that an upside is in store. SEE also: Bitcoin Price Predictions 2018: How high can Bitcoin price go in 2018? As Lasry has purportedly said, I believe we will see bitcoin prices continue to climb.

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