Ten experts debate #bitcoin's recent declines and the future of #cryptocurrency

August 16, 2018

 

Bitcoin's price was above $8,000 at the end of July.

 

Bitcoin (BTC) is up 0.54% over the past 24 hours and is currently trading at $6,284.60 on Coinbase. BTC dominance is at 53.5% and the total cryptocurrency market cap is currently at $202 Billion seeing most of it's value wiped out since it's all time high of around $800 Billion in January.

 

"What you're seeing now is a bit of panic selling" Brian Kelly said on CNBC's "Power Lunch" on Tuesday. "To me, it's one of the better entry points that we've had in a long time."

Bullish experts liken bitcoin to early Internet companies like Intel or Microsoft. These companies took a while to find their footing before having success. Bearish experts, on the other hand, fear bitcoin and other cryptocurrencies are part of a speculative bubble.

Here is what 10 experts have to say about bitcoin.

 

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#Bitcoin #BTC

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