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07.11 - 22:55
USD 20,000 Weekly Moves in Bitcoin’s Price Likely This Year, Author Says
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Volatility in bitcoin (BTC) is not likely to slow down, and weekly price moves of USD 20,000 or more should be expected before the end of the year, one popular author and bitcoin proponent claims.
“I am expecting weekly moves over USD 20,000 each way as we close out the year, and such moves will trigger the typical cries of why a currency so volatile can never achieve adoption,” Nik Bhatia, author of the book Layered Money and an adjunct professor at the University of Southern California, wrote in the latest issue of The Bitcoin Layer newsletter.
He offered several “talking points” for bitcoin believers looking to convert family and friends over the holiday season. And most importantly, perhaps, was the point about how bitcoin’s volatility
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