Bitcoin had a good first half this year 2017. He recovered from prices that were around $ 1,000 and managed to position himself very close to the $ 3,000 barrier. Currently the digital currency has a value higher than $ 2,500 which represents a profit compared to the first half of about 168%.
Last week, Jeffrey Kleintop, chief strategist in the investment area of Charles Schwab, suggested that Bitcoin was in a bubble like never seen before. The warning made by Kleintop came just weeks after Mark Cuban, an investor in the world of technology wrote through his Twitter account:
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I think the digital currency is in a bubble, I do not know when this situation will be corrected, when everyone boasts of how easy it is to generate a financial bubble. "
In a note sent to customers on Sunday, July 2, Sheba Jafari, head of technical strategy at Goldman Sachs, suggested that although Bitcoin's price does not match what its real value should be, cryptographic technology is opening up a lot Space from the seen in the economic spheres.
However Jafari said that digital currency enthusiasts should not worry too much, because from there could come a fifth wave of movement that leads the digital currency and cryptographic technology to reach a new record in relation to its value:
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If we drop the price, we estimate that at least the value can rebound to 3,212 dollars (assuming the length of the wave is similar to the first recorded) ... There is potential for the price to extend to 3,915 dollars. It would only be a matter of time before I reach this new level. "
