Mohammed El-Erian: Bitcoin — over 5,000 perfect entry point into the niche
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Chief analyst at Allianz Mohamed El-Erian considers Bitcoins to be the main means of preserving wealth. He also said that the key level to buy cryptocurrency — $ 5,000. It is reported .
theWhen to buy Bitcoin
El-Erian admitted that he does not own cryptocurrency, but think about purchasing it. He calls the level of $ 5,000 perfect entry point for investors. The economist believes the sharp rise of the stock market in 2017 "pure speculation".
I don't think we can again dramatically to reach $ 20,000. Bitcoin need a base on which price konsolidiruyutsya and people will have faith in the further smooth growth.
El-Erian calls the crypt of a long-term investment. However, after some time, it can radically change its essence. He calls Bitcoin a great way to preserve wealth.
I suspect that in 10-15 years we will have a digital currency with full public involvement. It is not the "pure" Bitcoin, which we know it today. However, the blockchain will win a key place in the world.
The Process of mass adoption of cryptocurrency El Erian prefers to postpone. In his opinion, it will take more time than expected kryptonite. The main obstacle on this path will be interference from governments.
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