Bitcoin prices have been on a tear over the past 12 months, but one bullish market watcher says it could hit stratospheric levels in the next 10 or 15 years
I was talking to institutions and just a few months back some were skeptical for whatever reason, now that this thing has shot up, now they are ready to listen and they are ready to buy [bitcoins], Lamoureux told MarketWatch.
On Thursday, a single bitcoin BTCUSD, -8.30% surpassed the record level of $2,700 before retreating back to around $2,462.57 in recent trade. That swing, perhaps, highlights the volatility inherent in the digital currency that has reclaimed the worlds attention three years after spectacularly
Wall street could be a thorn in the flesh and could also be discouraging because they never hoped in the future as most of them are concerned with short term return on investment any other reason is secondary. Aside that, they are also moved by marginal movement but a steady one in other to make their job easy by their historical analysis in bitcoin has defile more than once. But hopefully in the near future they get to see what other have seen before becoming reality.