bitcoin price analysis:may fall upto 1800$

in #bitcoin7 years ago

The Federal Reserve Bank of San Francisco released a report on May 18 discussing the volatility of the bitcoin price and its impact on the ways of classifying bitcoin, whether as a currency or commodity only.

The author of the publication Mr. Joost van der Burgt and fintech policy advisor at the Federal Reserve’s San Francisco branch, confirms that bitcoin straddles the properties of all three asset classes. He also draws interesting points over properties that make bitcoin fit into one category better over others.
bitcoin-price-may23.png
Burgt also shows historical evidence that suggests bitcoin is in a bubble, without saying firmly whether it is or not.

Sort:  

BTC W.png
If we don't hold at $7,000, expecting a drop towards $3,000, according to the weekly. Only time will tell :)

Congratulations @nikesh11! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 1 year!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Do not miss the last post from @steemitboard:

3 years on Steem - The distribution of commemorative badges has begun!
Happy Birthday! The Steem blockchain is running for 3 years.
Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Coin Marketplace

STEEM 0.26
TRX 0.20
JST 0.037
BTC 93924.35
ETH 3401.00
USDT 1.00
SBD 3.82