Bitcoin is trading under $4,450, but according to investor Dennis Gartman he’s not buying into the digital currency. According to the editor and publisher of The Gartman Letter, he doesn’t understand bitcoin. He said: “It is a punter’s dream. I give them credit for that, but it is something that I will absolutely stay away from, …
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The price of bitcoin soared above $4,400 and was within striking distance of $4,500 for the first time. In the early hours of the 15th August, the digital currency recorded a new all-time high of $4,482, according to CoinDesk’s Bitcoin Price Index (BPI). As can be seen from the chart above, throughout the day bitcoin’s …
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Goldman Sachs has said to clients that the boom in value that digital currencies are experiencing is ‘worth watching.’ Analyst Robert D. Boroujerdi and his team, said in a note to portfolio managers, that: “With the total value nearly $120 billion, it’s getting harder for institutional investors to ignore cryptocurrencies.” On the 5th August, the …
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