31 Dec '17, 9am

Bitcoin Facing Decisive Year in 2018, Says Legendary Investor

Bitcoin Facing Decisive Year in 2018, Says Legendary Investor

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Elevation Partners co-founder and tech investing legend Roger McNamee said that he believes 2018 will be a decisive year for bitcoin. Why 2018 is Decisive for Bitcoin Speaking with CNBC , McNamee — an early Facebook investor — explained that next year will be crucial in determining whether bitcoin’s ascent is sustainable over the long-term or whether it will prove to be a short-term asset bubble. Bitcoin is “still a very small market in the context of the larger financial world, but it has had a huge year,” McNamee said on “Fast Money.” We’ve done it around a speculative mania…”If a mania goes on long enough, it becomes self-fulfilling. Even after a crash, what follows is a legitimate industry.” McNamee compared it — favorably — to the dotcom bubble that occurred at the turn of the millenni...

Full article: https://www.ccn.com/bitcoin-facing-decisive-year-in-2018-...

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#economy #2018 #cryptocurrency

#economy #2018 #cryptocurrency

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