New York
EVEN the sceptics can't avoid weighing in on bitcoin. It seems like everyone is coming up with a price forecast these days, with some of the biggest banks including Goldman Sachs Group Inc jumping into the action, while speculators to long-time investors are also making their bets.
The consensus is that the biggest cryptocurrency will face some resistance around US$4,500 to US$4,800 and correct, and then continue rallying.
How high?
Pantera Capital Management's Paul Veradittakit, Tom Lee at Fundstrat Global Advisors and John Spallanzani at GFI Group Inc see it going to US$6,000 by year-end, while Ronnie Moas at Standpoint Research says that it will keep rising to US$7,500 in 2018.
Bitcoin...
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