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Thursday, July 13, 2017

Bitcoin Price Swings Won’t Hurt Its Asset Value Perspectives: Experts

Bitcoin Price Swings Won’t Hurt Its Asset Value Perspectives: Experts

Investors are still forging ahead with digital currencies such as Bitcoin and Ethereum despite the recent volatility. Many experts and professional investors still believe that there are unprecedented returns on offer.


Investors in traditional markets are not used to seeing swings of 50 percent in a month for an asset, such as what happened to Ethereum which dropped from nearly $400 to just over $200, as well as experiencing a flash crash.


There has also been a huge correction in Bitcoin price that has seen it fall from its high of $3,000. Despite this though, predictions for digital currency are still aimed astronomically skyward. It is because of the popularity and huge increase in uptake that these digital currencies are on the rise, but also due to companies looking into the technology behind it.


Full story at http://bit.ly/2udbkjF


Source: CoinTelegraph


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