Bitcoin has lost two-thirds of its value since its $20,000 peak at the end of 2017 – but according to hedge fund manager Spencer Bogart, the original crypto coin is ‘close to bottoming’ and the bearish trend will reverse soon.
Bogart, who is a partner at cryptocurrency and blockchain venture firm Blockchain Capital, predicted a bull run for Bitcoin and the rest of the crypto market. Speaking for CNBC’s “Fast Money”, he commented on this week’s several news stories, saying they could be a catalyst for Bitcoin bottoming.
“Bitcoin is close to bottoming, and so is the rest of the crypto market,” said Bogart in the interview. “It is going to take a little bit of time, but each of this news it...
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