What will happen to Bitcoin: Bogart versus Shiller

Home » BITCOIN » What will happen to Bitcoin: Bogart versus Shiller
2018-05-28
What will happen to Bitcoin: Bogart versus Shiller

Spencer Bogart , the leading Bitcoin analyst from Wall Street and partner of the venture firm Blockchain Capital said that cryptocurrency traders should invest in Bitcoin, since the spectrum of its application is constantly expanding.

“All the big banks are trying to test the industry. They can offer direct purchase of Bitcoins to their customers, services for safe storage of digital assets or exchange mechanisms for trading these assets – deep institutionalization of Bitcoin is an extremely positive trend, “he stressed.
Bogart added that almost all the other coins are overvalued and do not cope with the goals set. However, he noted that Ethereum, Ripple, Bitcoin Cash and EOS are neutral alternatives that can be retained.

The analyst advised investors to sell Cardano, TRON, IOTA and NEO during the Fast Money program on CNBC.

“Of course, these tokens can grow in value, but they have a lot of obstacles,” he said.
Bogart also recommends investors to to careful, as the potential failure of the ICO industry, in his opinion, could significantly impact the platform.

At the same moment,  Robert Shiller, well-known and successful professor of economics in Yale University and Nobel Laureate, has commented that he currently “doesn’t know what to make of Bitcoin ultimately” and called Bitcoin “the best example of a bubble”.

What is more, considering Bitcoin and all cryptocurrency as a good way of saving money is the same as the 17th-century Tulip Mania.

Besides that, professor added that

“[Bitcoin] might totally collapse and be forgotten and I think that’s a good likely outcome but it could linger on for a good long time, it could be here in 100 years.”

CRYPTOCURRENCIES
  • bitcoinBitcoin$3,988.72
  • ethereumEthereum$135.00
  • rippleXRP$0.309372
  • tetherTether$1.00
  • eosEOS$3.61
  • stellarStellar$0.106163
  • litecoinLitecoin$58.39
  • cardanoCardano$0.052529
  • tronTRON$0.022258
  • moneroMonero$52.34
  • iotaIOTA$0.310316
  • nemNEM$0.048363
  • dashDash$89.32
  • neoNEO$8.97
What is Bitcoin?
The cryptocurrency industry is becoming more and more popular all around the world. Despite the fact that there are more than 1000 different cryptocurrencies and the number keeps growing, cryptocurrency is often associated with Bitcoin. Bitcoin is the first modern cryptocurrency in the world; it attracts thousands of users and investors from different countries. Millions […]
2019-03-20 0 41
Bitcoin, Ethereum, Ripple, Monero, Dash, Tron: major differences and features
Investors see different names of cryptocurrencies and the movement of their courses, but typically don’t even know why the digital coins are so popular. Most of us have already Googled “How to buy Bitcoin” or “How to sell Ethereum”. Cryptocurencies are becoming more and more popular: Bitcoin price is fluctuating and its value is not […]
2019-03-19 0 40
What is Blockchain?
“Giving users easy access to many different kinds of digital assets on the blockchain and, particularly, tokens that are linked to assets in the real world, is crucial to seeing blockchain adoption reach the next level, and I applaud Digix Global’s initiative in being the first of many such projects to successfully launch” – Vitalik […]
2019-03-06 0 40
Anton Vokrug, the CEO of DataTrading, about the financial markets and cryptocurrencies
The topic of cryptocurrency regulation will be actual for several more years in Ukraine. The Government of Ukraine has already taken steps towards the adoption of relevant cryptocurrency-related laws. In particular, the Ukrainian officials work on the legalization of the project “The Concept of State Policy in the Field of Virtual Assets”. However, what does the regulation really mean […]
2019-02-27 0 142
© 2017–2018