Spencer Bogart: cryptocurrency traders should only buy Bitcoin

Spencer Bogart: cryptocurrency traders should only buy Bitcoin


Leading bitcoin analyst from Wall Street and partner of venture firm Blockchain Capital Spencer Bogart during the program “Fast Money” on CNBC declared that cryptocurrency traders must acquire only Bitcoin, as a spectrum his application broadens constantly.

“All large jars try to enter industry. They can offer to the direct purchase Bitcoin the clients, services in safe storage of digital assets or exchange mechanisms for trading in these assets – deep institutionalization bitcoin is an extremely positive tendency”, – he underlined.

Spencer Bogart added that almost all other chinks are overestimate and does not get along at the put aims. Nevertheless, he marked that Ethereum, Ripple, Bitcoin Cash and EOS are neutral alternatives that can be retained.

An analyst advised investors to sell Cardano, TRON, IOTA and NEO.

“Certainly, these tokens  can grow in a price, but they have extremely many obstacles”, – he is sure.

Spencer Bogart also recommends investors carefully to co-operate with Ethereum, as a potential failure ICO- industry, according to his opinion, can substantially strike on a platform.

The cost of Bitcoin, he considers, will overcome a mark in $10 000 to the end of year.

Notably, that a well-known in the field of cryptocurrencies journalist Joseph Young asked an association not to use “institutional investors” in an order to explain everything, that takes place in industry.

“It is an answer for all questions. Why does a market fall? Institutional investors. Why does a market grow? Institutional investors. Why will a height begin in the near future? Institutional investors. For me it seems to that people not quite understand the value of these words”, – he marked.

We will remind, before Blockchain Capital attracted record $150 million investments and promoted Spencer Bogart to the partner.

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