Email of the day - on cryptocurrencies
Comment of the Day

July 24 2020

Commentary by Eoin Treacy

Email of the day - on cryptocurrencies

Please refresh my memory about your stance on Bitcoin & Crypto Currencies. Regarding Bitcoin, one of the best hedge fund managers, Mark Yusko loves it an suggests it likely reaches $100K within the next 12-18 months, and much higher going forward. AVI GILBURT, the Elliott Waver says if you want to be safe, wait until it breaks out above 10,000. Warm Regards

Eoin Treacy's view

Thank you for this question which may be of interest to subscribers. Bitcoin’s halvening, when the reward for mining a new coin halves about once every four years, passed off without a hitch in May. In the past, these events have resulted in investors refocusing on the limited supply argument and prices have rallied meaningfully both ahead and after the halvening.

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