Crypto Perma-Bear Ridicules Rally, Warns Bitcoin Price Will ‘Collapse’

2019-4-3 19:40

The bitcoin price is going to “collapse” soon despite the latest rally because cryptocurrencies are worthless. That’s the opinion of Peter Mallouk, the president of Kansas investment firm Creative Planning.

“What we’re going to see, most likely is, we’re going to see cryptocurrencies collapse,” Mallouk told CNBC. The bitcoin price mysteriously spiked on April 1 and climbed above $5,000 for the first time since November 2018. While cryptocurrency bulls insist this is a sign that the Crypto Winter is officially over, Mallouk urges caution. Peter Mallouk: ‘It’s Not a Real Investment’ Mallouk, a certified financial planner, says investing in bitcoin

The post Crypto Perma-Bear Ridicules Rally, Warns Bitcoin Price Will ‘Collapse’ appeared first on CCN

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Источник: ccn.com

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While many like to predict the future price of Bitcoin, accuracy can vary. However, one rule that has become clear in recent years is that betting against Bitcoin is rarely a smart move. Peter Mallouk, a certified financial planner and president of a wealth management firm, is one such person who has come up with […] The post Bitcoin Up 95% Since Famous Wealth Manager Warned Not to Buy It appeared first on BeInCrypto.