Wall Street's First Analyst To Cover Bitcoin Urges Caution

(edited)


Wall Street's first analyst to cover bitcoin has a new recommendation for investors: Avoid it. "It has come down quite a long way, and we're getting a lot of people asking is now the right time to buy. The short answer is no,", said Nick Colas, who owns a cryptocurrency basket worth about $2000.

Edited by BlackTortoise

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More FUD from Wall Street. These nonsense are seriously good buy signals. 

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I don't understand how it's a bubble if more money is positioning it self to get in the market.  Sounds like they just want to slow it down.  Which is good, don't want that high volatility to discourage people from jumping in.

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The next adoption spike will send btc to 100k but it's too early for that. Current awareness and adoption level of btc is enough to bring it back to 15-20k.
 

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