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One economist says bitcoin could hit $0—or $1 million

From marketwatch.com

The most bullish call for the digital currency bitcoin so far has been at about $1 million, while the most bearish call from those who dismiss it as a fraud or a bubble think it will crash to zero. Covering his bases, Teunis Brosens, a senior economist at ING, sees both extreme targets as possible. Although the most probable outcome, in his view, is for bitcoin to survive in a less high-profile way than it currently has. “The ‘true’ value of Bitcoin depends on its future use case,” wrote Brosens. “If users would, en masse, lose interest, then it could end at zero. On the other hand, in the unlikely scenario that ... (full story)

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  • Category: Fundamental Analysis