Friday, August 11, 2017

Bitcoin Better Investment Than Gold, Stocks in 2017: CNBC Advisor

Bitcoin Better Investment Than Gold, Stocks in 2017: CNBC Advisor

A panel of traditional financial experts on CNBC have chosen Bitcoin over both gold and a basket of US stocks as an investment opportunity.


In a segment on the channel’s Fast Money segment, Fundstrat Global Advisors’ Thomas Lee said when given a choice between the precious metal and US stocks, Bitcoin was “easily” the best option between now and the end of 2017.


“I think Bitcoin is an under-owned asset the the potential for huge institutional sponsorship coming,” he said. “Between now and year end, it’s easily Bitcoin.”


Given the current money supply trends and gold discovery, Lee added that if Bitcoin could capture just five percent of the alternative currency market, it would take on a value per coin of “$25,000 to $50,000 per token.”


Full story at http://bit.ly/2uM0VHC


Source: CoinTelegraph


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