RATE Group | At $6,500, Bitcoin Prices are Under-Priced
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At $6,500, Bitcoin Prices are Under-Priced

17 Sep At $6,500, Bitcoin Prices are Under-Priced

Posted at 02:17h in Bitcoin News by

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A combination of over-the-tops Bitcoin price predictions by Tim Draper and favorable developments in the crypto-verse could cement our previous Bitcoin price forecasts. Further strengthening this position is news that Morgan Stanley plans on creating their Bitcoin derivatives. Coincidentally, and more positive for Bitcoin and other cryptos, more hedge funds are looking to funnel their capital into this nascent field.

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Tim Draper is a Bitcoin perma-bull and that’s a relief for investors who bought at the top and have to contend with 75 percent losses. According to Tim, the disruptive cryptocurrency market cap would explode to a whopping $8 trillion market cap with the Bitcoin leading the charge.

Speaking via video link at the Deal Street Asia sponsored event held in Singapore, Tim said there is one key ingredient that makes Bitcoin and blockchain technology unique and different from the internet. While the internet went after billion dollar industries, blockchain…

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