Vanguard Economist Warns Of Bitcoin Implosion to Zero

[mskumar]

Vanguard’s Global Chief Economist and Global Head of Vanguard Investment Strategy, Joe Davis believes the price of bitcoin is headed to Zero. The sentiments come as a surprise given that many high profile investors that had similar views over the past year have had a change of heart.

Bitcoin (BTC) appears to be struggling for direction after an explosive 2017 that saw it rally by almost 1,200 percent. After dropping below the $10,000 mark, the cryptocurrency has struggled to bounce back arousing concerns as to what the future holds.

So where is bitcoin headed? That’s the big question, which continues to baffle the industry amidst mixed sentiments.  While most people remain bullish about the underlying technology, Blockchain, that powers bitcoin, the same cannot be said about the digital currency itself.
Source:https://btcmanager.com/vanguard-economist-warns-of-bitcoin-implosion-to-zero/?utm_source=onesignal&utm_medium=push