Bitcoin is 'worthless' and will perform worse than stocks in the coming months, analyst says

Bitcoin is likely to fare worse than other assets in the coming months because it has no fundamental worth, Capital Economics said. While bitcoin's fall appeared to correlate with the fall in equities, there were different factors driving the movement of both assets. Bitcoin rose to a record high above …
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Bitcoin will fall to $4000 before any sustained bounce, analyst predicts

Cryptocurrency prices gave up some gains Wednesday with the No. 1 digital currency drifting back below $ 7,000 as bullish traders hold their breath. The swings in crypto prices over the past week have been indicative of the wider market, marked by listless, directionless trade. “The market remains …
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Square stock rises as analyst points to strong merchant willingness to accept bitcoin as payment

Shares of Square Inc. SQ, -2.56% are up 1.3% in premarket trading Wednesday after an analyst at Instinet cited high merchant willingness to accept Bitcoin BTCUSD, -4.46% as a form of payment. According to Instinet's recent survey of Square merchants, 60% said they would be willing to accept Bitcoin, …
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Wall Street Analyst Creates 'Bitcoin Misery Index' For Traders

Wall Street strategist and co-founder of Fundstrat Global Advisors Thomas Lee has developed a 'contrarian index' that lets investors know how 'miserable' Bitcoin (BTC) holders are based on current prices, CNBC reports. The index is called the Bitcoin Misery Index (BMI) and was designed as a trading …
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It's not just bitcoin — 'this is the everything bubble,' analyst Peter Boockvar warns

Bitcoin's price slump could signal another stock market shock is coming, according to Bleakley Financial Group's Peter Boockvar. "If bitcoin resumes its decline here, I think that equity investors should pay attention. It's a sign that maybe risk aversion is creeping into the markets again," the firm's chief …
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Cryptocurrency 'gateway drug' bitcoin is losing its appeal, analyst says

Nicholas Colas, co-founder of DataTrek Research, says that search traffic can help forecast price movements in the cryptocurrency market. He argues that bitcoin is a "gateway drug" for other digital currencies. As interest fades in bitcoin, other cryptocurrencies like ethereum and ripple gain traction, …
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Bitcoin's on a wild ride, but investors have shown it's here to stay, analyst says

Despite its recent price whipsaw, bitcoin has gained legitimacy with investors and is here to stay, according to Spencer Bogart, a partner and head of research at Blockchain Capital. Bitcoin has been on a jolting ride this year after soaring more than 1,200 percent in 2017. It rose 30.9 percent Thursday, …
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