October 22, 2020

Crypto Boom & Bust

Turbulent Bitcoin prices and blood in the water attracts corporate sharks to feast aplenty.

In a moment of deliverance for cryptocurrencies, institutional investors are turning to Bitcoin as a hedge against fiat currencies that are losing value.

The world’s preeminent cryptocurrency is on track to hit US$1 million (A$1.4 million) per coin in the next five years as a result of a wall of institutional money looking to tap into Bitcoin appreciation – that’s the verdict from former Goldman Sachs hedge fund manager Raoul Pal, the man who founded financial news platform Real Vision.

Written by George Tchetvertakov
Published by Small Caps