rss
01-23-2018, 09:41 PM
Ominous Wall Street predictions hammer bitcoin as price decline continues
https://i.amz.mshcdn.com/AfFb9ZhAdTVvd7YCfxVHcm2MeKY=/575x323/filters:quality(90)/https%3A%2F%2Fblueprint-api-production.s3.amazonaws.com%2Fuploads%2Fcard%2Fima ge%2F698512%2Ff099d86c-96b9-4618-9e9b-053764e9afa5.jpghttps://a.amz.mshcdn.com/assets/feed-tw-e71baf64f2ec58d01cd28f4e9ef6b2ce0370b42fbd965068e9 e7b58be198fb13.jpg (https://twitter.com/share?via=Mashable&text=Ominous+Wall+Street+predictions+hammer+bitcoi n+as+price+decline+continues&url=http%3A%2F%2Fmashable.com%2F2018%2F01%2F23%2Fb itcoin-wall-street-predictions%2F)https://a.amz.mshcdn.com/assets/feed-fb-8e3bd31e201ea65385a524ef67519d031e6851071807055648 790d6a4ca77139.jpg (https://www.facebook.com/sharer.php?u=http%3A%2F%2Fmashable.com%2F2018%2F01 %2F23%2Fbitcoin-wall-street-predictions%2F&src=sp)
Every product here is independently selected by Mashable journalists. If you buy something featured, we may earn an affiliate commission which helps support our work.
Bitcoin's price is in the gutter — well, if you compare with that $19,940 peak about a month ago. At its current price of $10,437, it's still up roughly 1,100 percent in the past 12 months.
The recent drop could be a result of a recurring trend that's in fashion again: Wall Street experts and analysts having a contest in predicting how low Bitcoin could go.*
SEE ALSO: Bitcoin just made the Winklevoss twins billionaires (http://mashable.com/2017/12/04/tyler-cameron-winklevoss-bitcoin-billionaire/)
Peter Boockvar, chief investment officer at Bleakley Advisory Group, predicted Bitcoin could drop to as low as $1,000 per coin this year, CNBC reported Sunday (https://www.cnbc.com/2018/01/19/bitcoin-could-lose-90-percent-of-its-value-wall-st-veteran-boockvar-warns.html). According to Boockvar, bitcoin is a "classic bubble," one that might burst as soon as central banks worldwide start increasing interest rates.* Read more... (http://mashable.com/2018/01/23/bitcoin-wall-street-predictions/)
More about Bitcoin (http://mashable.com/category/bitcoin/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Ripple (http://mashable.com/category/ripple/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Ethereum (http://mashable.com/category/ethereum/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Cryptocurrency (http://mashable.com/category/cryptocurrency/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Bitcoin Cash (http://mashable.com/category/bitcoin-cash/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/8PhUPlCWSFY
https://i.amz.mshcdn.com/AfFb9ZhAdTVvd7YCfxVHcm2MeKY=/575x323/filters:quality(90)/https%3A%2F%2Fblueprint-api-production.s3.amazonaws.com%2Fuploads%2Fcard%2Fima ge%2F698512%2Ff099d86c-96b9-4618-9e9b-053764e9afa5.jpghttps://a.amz.mshcdn.com/assets/feed-tw-e71baf64f2ec58d01cd28f4e9ef6b2ce0370b42fbd965068e9 e7b58be198fb13.jpg (https://twitter.com/share?via=Mashable&text=Ominous+Wall+Street+predictions+hammer+bitcoi n+as+price+decline+continues&url=http%3A%2F%2Fmashable.com%2F2018%2F01%2F23%2Fb itcoin-wall-street-predictions%2F)https://a.amz.mshcdn.com/assets/feed-fb-8e3bd31e201ea65385a524ef67519d031e6851071807055648 790d6a4ca77139.jpg (https://www.facebook.com/sharer.php?u=http%3A%2F%2Fmashable.com%2F2018%2F01 %2F23%2Fbitcoin-wall-street-predictions%2F&src=sp)
Every product here is independently selected by Mashable journalists. If you buy something featured, we may earn an affiliate commission which helps support our work.
Bitcoin's price is in the gutter — well, if you compare with that $19,940 peak about a month ago. At its current price of $10,437, it's still up roughly 1,100 percent in the past 12 months.
The recent drop could be a result of a recurring trend that's in fashion again: Wall Street experts and analysts having a contest in predicting how low Bitcoin could go.*
SEE ALSO: Bitcoin just made the Winklevoss twins billionaires (http://mashable.com/2017/12/04/tyler-cameron-winklevoss-bitcoin-billionaire/)
Peter Boockvar, chief investment officer at Bleakley Advisory Group, predicted Bitcoin could drop to as low as $1,000 per coin this year, CNBC reported Sunday (https://www.cnbc.com/2018/01/19/bitcoin-could-lose-90-percent-of-its-value-wall-st-veteran-boockvar-warns.html). According to Boockvar, bitcoin is a "classic bubble," one that might burst as soon as central banks worldwide start increasing interest rates.* Read more... (http://mashable.com/2018/01/23/bitcoin-wall-street-predictions/)
More about Bitcoin (http://mashable.com/category/bitcoin/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Ripple (http://mashable.com/category/ripple/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Ethereum (http://mashable.com/category/ethereum/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Cryptocurrency (http://mashable.com/category/cryptocurrency/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Bitcoin Cash (http://mashable.com/category/bitcoin-cash/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/8PhUPlCWSFY