Implosion in Bitcoin

Bitcoin 2018

          Bitcoin and its peers have been seeing wild price swings seen over the past week. Last week, bitcoin lost one third of its value in a single day before rebounding. That capped days of volatility which saw the digital currency surge to a new record near $20,000. What we’re worried about is froth coming out of that market, and that’s starting to affect equities. You’re seeing it a little bit, but just not to a large degree. And, it’s something to watch out for in 2018. You have to lower your expectations for next year. A lot of good news is already priced in, and we just don’t see that much going forward. Could we said already bubble in cryptocurrency market? That’s the issue we must keep an eye.

 

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