The Business Times
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Bitcoin seen surging to new highs on host of factors

They include growing adoption, institutional investor interest and regulatory steps that'll broaden its reach

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Published Fri, Aug 25, 2017 · 09:50 PM

    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.

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