Bitcoin and cryptocurrency: These 5 financial experts are still …

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What 5 bullish experts have to contend about bitcoin


Bitcoin had has a severe year. The cryptocurrency plummeted from $20,000 during a finish of 2017 to underneath $6,000 by June. But a bitcoin true stays excited, and some experts see a digital banking leading a record highs from a finish of 2017.

Chamath Palihapitiya, a CEO and owner of Social Capital, likely on CNBC’s “Fast Money” in Dec that bitcoin would be value $1,000,000 in 20 years. In May 2018, he pronounced bitcoin is a profitable form of word given it is “fundamentally not correlated” to a SP 500 index.

In June, a tech financier tweeted that he believed bitcoin would transcend a cost of gold:

Tom Lee, of Fundstrat Global Advisors, told CNBC in Jun that bitcoin is a “great store of value.” In a opposite Jun interview, Lee likely bitcoin would be be value some-more than $20,000 by a finish of 2018.

Brian Kelly, owner of BKCM LLC, pronounced that he likes both bitcoin and ethereum when it comes to cryptocurrencies. However, he favors ethereum over bitcoin.

Ran Neu-Ner, owner and CEO of OnChain Capital, warned that bitcoin is only in a early stages of a existence. He told CNBC in February, “We haven’t even got to a start line of cryptocurrencies.” In a Jun interview, Neu-Ner compared bitcoin to “digital gold.”

Bitcoin bears sojourn unconvinced, however. Berkshire Hathaway’s Charlie Munger, for example, called bitcoin “worthless synthetic gold” in an talk with CNBC in May.

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