Bitcoin advice in the crash
- Boris Schlossberg
On 27 May 2017 he was featured in the magazine altcointoday.com under the heading “Bitcoin is a Hedge Play Moving Forward, According to Investment Advisor”. They said that Schlossberg is one of several investment advisors and investors who is bullish on bitcoin. He called it the “New gold”. Link
On 23 December 2017 he was featured on CNBC.com under the heading “Bitcoin buyer beware: The crypto carnage could continue, says a real currency strategist”. He said the volatility could continue over the coming week and he wouldn't step in here to buy. He sees $10’000 as the floor. Link
- Ross Norman
On 26th September 2017 the Indepndant wote that gold dealer, Sharps Pixley, is now accepting bitcoin. “Many investors in Bitcoin would like the option of holding intrinsic value in a traditional safe haven asset like gold; and be able to switch across in a simple and cost effective way,” said Sharps Pixley chief executive Ross Norman. “That avenue is now open to them.” Link
On 23rd December, Fortune reorted him as saying “Bitcoin’s been heavily driven by retail investors, but there’ll be some aggressive funds looking for the right opportunity to hammer this thing lower.” Link
William F Galvin, Massachusetts Secretary of State.
On 14th December 2017 as the bitcoin price looked like it would pass through $20’000 he issued this warning: “Bitcoin is just the latest in a history of speculative bubbles that most often burst, leaving the average investors with a worthless product,” LinkTom Lee
On 7th July 2017 when the bitcoin price was $2450, CNBC reported Fundstrat’s Tom Lee as saying it could get to $55’000 by 2022. Lee expects investors could look at bitcoin as a substitute for gold, and his model puts the value of bitcoin in five years in a potential range of $12,000 to $55,000 by 2022. Link
On 23rd December 2017, CNBC reported that he sees the crash as a buying opportunity with 35% upside from here. “Fundstrat co-founder Tom Lee increases his mid-2018 price target on bitcoin to $20,000”. Link