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Thursday, November 9, 2017

Forbes: Bitcoin could hit $10,000 in time for Christmas!


Forbes, a widely respected US financial magazine which has been around since 1917 published the prediction written by Panos Mourdoukoutas, a Professor and Chair of the Department of Economics at LIU Post in New York, and a teacher at Columbia University.

In summary, saying Bitcoin has 3 signs giving it a "bullish" investment outlook.

Bitcoin has recently passed 3 tests:

The Wall Street Test - as major established investors enter the cryptocurrency space.

The China Test - with China's ban showing Bitcoin could withstand interference from a major world power.

The Stability Test - after canceling the SegWit2x fork, the currency seems to be less volatile, with no major disruptions planned in the near future.

You can read the full length article here.

It may be a very merry Christmas!

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Author: Justin Derbek
New York News Desk