Reporting of Wall Street Italia
Of Mariangela Tessa
It starts badly 2018 for Bitcoin. In yesterday's trading, the queen of cryptocurrencies extended losses from the record of $19,511 touched last 18 December. According to Bloomberg data, yesterday the virtual currency fell below the threshold of 14 thousand dollars (-4,8% from Friday) a $13,624.56.
Meanwhile, criticism of the cryptocurrency boom that has been going on for a year continues unabated, il 2017, da record. In an interview with CNBC, David Stockman, former Director of the US Office of Management and Budget, He warned investors that the spectacular growth in cryptocurrency prices will end badly. Actually very bad.
Stockman has not held back his criticism of those who invest in these assets, calling them “stupid speculators convinced that trees grow up to the sky”.
Per Stockman, Bitcoin fever will end with a “spectacular crash”. But Stockman's negative prophecies do not only concern Bitcoin but also extend to stocks. Repeating what was already stated last September, when he anticipated a collapse between the 40 and the 70%, the economist said he expected “a huge storm will eventually overwhelm stocks”.
Source: http://www.wallstreetitalia.com/parte-male-il-2018-del-bitcoin-prezzi-sotto-14-mila-stockman-finira-con-un-enorme-crash/?utm_source=newsletter&utm_medium=email&utm_campaign=Newsletter:+WallStreetItalia&utm_content=02-01-2018+parte-male-il-2018-del-bitcoin-prezzi-sotto-14-mila-stockman-finir-con-un-enorme-crash+primo-piano
Meanwhile, criticism of the cryptocurrency boom that has been going on for a year continues unabated, il 2017, da record. In an interview with CNBC, David Stockman, former Director of the US Office of Management and Budget, He warned investors that the spectacular growth in cryptocurrency prices will end badly. Actually very bad.
Stockman has not held back his criticism of those who invest in these assets, calling them “stupid speculators convinced that trees grow up to the sky”.
Per Stockman, Bitcoin fever will end with a “spectacular crash”. But Stockman's negative prophecies do not only concern Bitcoin but also extend to stocks. Repeating what was already stated last September, when he anticipated a collapse between the 40 and the 70%, the economist said he expected “a huge storm will eventually overwhelm stocks”.
Source: http://www.wallstreetitalia.com/parte-male-il-2018-del-bitcoin-prezzi-sotto-14-mila-stockman-finira-con-un-enorme-crash/?utm_source=newsletter&utm_medium=email&utm_campaign=Newsletter:+WallStreetItalia&utm_content=02-01-2018+parte-male-il-2018-del-bitcoin-prezzi-sotto-14-mila-stockman-finir-con-un-enorme-crash+primo-piano
