Bitcoin bombshell: Cryptocurrency could hit $50,000 THIS YEAR in new prediction
Jeet Singh, a cryptocurrency portfolio manager for the last six years, says it is common for virtual currencies to fluctuate by 70 or 80 percent.
Speaking at the World Economic Forum in Davos, he compared cryptocurrencies such as bitcoin and Ripple to early tech giants like Microsoft.
He said: "If you look at Microsoft or Apple, when they went public their stocks were very volatile because the market wasn’t mature."
The volatility of the market may have worried newer cryptocurrency traders, but long-time investors are less concerned, as they are used to some fluctuations, Mr Singh... read more
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