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