Wednesday , 24 January 2018


Bitcoin Could Reach $40,000 By the End of 2018 & Ethereum Could Go To $1,500!

…[Below is a asset bubble chart showing that]…bitcoin is now the biggest bubble in history, having surpassed the Tulip Mania of 1634-1637.

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[That being said]…crypto pioneer Mike Novogratz…said Monday on CNBC’s “Fast Money that “Bitcoin could be at $40,000 at the end of 2018 and ethereum could triple to $1,500 as well.”…

[The above chart is from Convoy Investments’ Howard Wang and Robert Wu with Wang commenting that,] “when we see a dramatic rise in asset prices, there is often an internal struggle between the two types of investors within us.

  1. The first is the value investor, “is this investment getting too expensive?”
  2. The second is the momentum investor, “am I missing out on a trend?”

I believe the balance of these two approaches, both within ourselves and across a market, ultimately determines the propensity for bubble-like behavior. “When there is a new or rapidly evolving market, our conviction in the value investor can weaken and the momentum investor can take over.”

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