Gold remains unchanged around 1254-6 crude oil continues dropping to 47

2018-12-19 14:16:23 and News Network   Yesterday, the gold market did not continue, it is still a range of shocks, fluctuations around the 1245-50 range, but the crude oil is very fierce, the US plate fell again, the lowest to 46 first-line, a single-day drop of 8%, really makes people happy.   In fact, most people like … Continue reading Gold remains unchanged around 1254-6 crude oil continues dropping to 47

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The bitcoin price is wrong

this post was originally published By HexaTra.com

The bitcoin price is wrong

Bitcoin’s fair value, given the number of active wallet addresses, usage per account and factors influencing supply, is between $13,800 and $14,800, he said in a note Thursday. His explanation for the divergence includes last year’s meteoric rally, a “meltdown” in the macroeconomic climate and treasury sales during initial coin offerings.

User adoption and Bitcoin’s acceptance as an asset class are the key factors that will drive it higher beyond 2018. If bitcoin wallets approach just 7 percent of Visa’s 4.5 billion account holders, fair value would be $150,000 per bitcoin according to his model, he said.

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This post was originally published on HexaTra.Com http://hexatra.com/the-bitcoin-price-is-wrong/