The crypto markets have bottomed out, and analysts are predicting a strong rally from the current levels to the end of the year. While Fundstrat’s Tom Lee believes Bitcoin will trade at $25,000 by end-2018, independent financial consulting company deVere Group has forecast a price target of $2,500 for Ethereum for the same time period.
The industry continues to attract talent from Wall Street. The latest hire is Steve Lee, a former portfolio manager at Goldman, who has joined the cryptocurrency hedge fund BlockTower Capital, founded in 2017. The company also hired a former Goldman Sachs vice president in January 2018, Michael Bucella, as the head of strategic partnerships and business development.
Among all the bullishness, let’s see if the cryptocurrencies can extend their pullback or are they due for a correction?
They say risk only comes from not knowing what you are doing.
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100%
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I have really no idea about that crypto-thing but I am sure that soon this will be "world's currency". FED and rest of them just can not keep up with printing new bank notes :P
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yup!
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