Barclays analyst: the pricing model of Bitcoin is reminiscent of the spread of the virus
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Yesterday, the trader Dmitry Lavrov, the growth rate of Bitcoin to above $ 8,000, after which the coin needs to update the December maximum. Another possible option is a drop to $ 5,000. Now an opinion shared by the representatives of large companies. Some employees have criticized the coin and told about the shortcomings of investors.
theCons of Bitcoin. Version analysts
To begin with the situation said the analyst portal FXStreet, which specializiruetsya on the analysis of the currency markets. Manoj Raval describes the current situation as the peak of the struggle between "bulls" and "bears". It is the confrontation of the investors will decide the future of cryptocurrency, and to do so in the near future. It is reported .
In the future of Bitcoin not all believe. British Bank Barclays analyst Joseph Ebeyt issued a note to investors in which he described the pricing model the main cryptocurrency. In his opinion, she reminds the spread of the virus.
As the number of owners of the asset have significantly increased, the proportion of those who may become a new customer, falling. This increases the number of potential sellers of the asset. Initially, this situation leads to the fact that the price of the asset ceases to grow, and in the case of the appearance on the market even a single destabilizing factors greatly improves the chances of drops.
The Bank Staff see the situation the similarity with the spread of infection. We are talking about the period when the threshold level of immunity from infection has been overcome.
Bitcoin will receive a portion of criticism from analysts of Bank of America. Over the weekend, the bankers called cryptocurrency biggest bubble in the history of financial markets. For the formation of o experts analysed the price dynamics of Bitcoin, the biggest falls in the prices of gold, Tulip fever in Holland, the collapse of the British trading company, South Sea Company and other events.
As noted, the main strategic Bank analyst Michael Hartnett, 65-percent drop in Bitcoin exchange rate over several months gives the right to call the coin the largest financial bubble.
I Hope the criticism doesn't hurt the value of Bitcoin, and it will jump to .
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