As bitcoin prices rise and strengthen the crypto-value ecosystem bases, we hear negative comments from another investment specialist or company. Apparently; it is aimed to keep the conventional stocks on the global scale rather than Bitcoin.
In the past days such an explanation came from Peter Boockvar, Chief Investment Officer of Breakley Investment Advisory. Peter stated that Bitcoin's potential in the markets will continue for a long time, but Bitcoin will fall after a point that is contrary to everyone's expectations.
"I am very surprised that Bitcoin's market value is up to USD 1,000 to USD 3,000 in the coming year," explains Peter, "and warned investors that Bitcoin could lose 70-90 percent this year.
When asked whether it would cause the stock market to collapse if Bitcoin's price decline was significant, Peter said that Bitcoin was not really linked to a $ 19 trillion economy and considered the decline in value to be merely a psychological volatility.
In his statement to CNBC, Peter relies on the fact that the central banks of the explosive devices of cryptographic value markets are applying "easy money" policies instead of tight money policies.
Recently, the fluctuations in Bitcoin's market value have brought the question of most investors to the question, "Is Bitcoin an economic bubble and an investment that can disappear?" Yale economist Robert Shiller, who has been awarded the Nobel Prize for research on these issues, cautioned that we could characterize October 2017 as "Balloon Time" for Bitcoin. However, Robert stated that since January 2018, Bitcoin has not predicted the future.
It is important to remember that some investment approaches are known from the other side. If the mainstream media or major investment companies say they are going to rise or fall for an investment instrument, they are actually making a surprise speculation.
Note: Whenever USD / TL rises in USD / TL, the next day there will be a great decrease. Again, if the USD / TL will fall in the opposite case, we will see the bullish movement the next day. So if we look at all these speculations, big companies sell, maybe it's time to invest in Bitcoin.
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