Leading Bitcoin analyst with Wall Street and partner of the venture firm Blockchain Capital Spencer Bogart during the Fast Money program at CNBC said that crypto-currency traders need only buy bitcoin since the spectrum of its application is constantly expanding.
Also, Bogart stated that almost all the other coins and tokens are overvalued and do not cope with the goals set. However, he noted that Ethereum, Ripple, Bitcoin Cash and EOS are neutral alternatives that can be retained, but advised investors to sell Cardano, TRON, IOTA, and NEO.
Bogart also recommends that investors carefully interact with Ethereum, because of the potentially failing ICO industry, which in his opinion, could significantly impact the platform.
Lastly, he announced that the price of Bitcoin, he believes, will overcome the $ 10,000 mark by the end of the year.
What do you think...is he right?????