The average banker bonus in 2017 is poised to get fatter for the second straight year, as hopes for deregulation have led to a flurry of trading and underwriting on Wall Street, according to New York state Comptroller Thomas P. DiNapoli.
The upbeat forecasts, which anticipate bonuses will rise 3.8 percent to $143,462, are based on a blazing first half, during which industry profits jumped 33 percent to $12.3 billion, according to government figures.
Digital Currency Group director Meltem Demirors believes bankers will buy up cryptocurrency in record amounts as they finalize their bonuses. These bonuses can be in the hundreds of thousands of dollars. What was noticed last year was that after the bonuses were paid, the Crypto Markets held their positions, and then come February they started a nice and steady climb.
Wall Street Strategist Tom Lee forecasts the price of bitcoin to double or triple in 2018. Lee spoke on CNBC’s Futures Now, said bitcoin could regain the $20,000 milestone by mid-2018 or earlier. “We think that by mid-2018, we’re going to be part of the way there, and that’s why we get [bitcoin to $20,000],” said Lee.
Do you guys think now's the ideal time to buy even more crypto?