Financial Expert Jonathan Harris Feels “Zero” is the Right Price for Bitcoin and other Cryptocurrencies
In his opinion, cryptocurrency is still a pyramid scheme. Harris feels "the current crop of holders found enough converts to soak up the supply".
There are different opinions out there regarding the Bitcoin price. Some experts feel US$2,000 was a major milestone and anything is possible from here on out. Others think this is all just a big bubble waiting to pop. Jonathan Harris, on the other hand, feels Bitcoin should be worth nothing. The same goes for all other cryptocurrencies in his opinion. In fact, he states how “cryptocurrencies do not belong in any investment portfolio”. Is this person shortsighted or just unwilling to accept what the future holds?
Read more here: http://www.newsbtc.com/2017/06/02/financial-expert-jonathan-harris-feels-zero-right-price-bitcoin-cryptocurrencies/
does jonathan harris knows what "fractional reserve lending" is lol if he does he will know that its indeed a "ponzie" scheme considering there no cap on "fiat" currencies........the guy needs his head read and some hair to go along with it....
Typical banker type, as Rockefeller said, 'Competition is a sin", and that is what guys like this look at the cryptos as, competition to their dominance.
I have been sharing this info on something not widely known/talked about, crytpo related stocks. For me , just another opportunity to capitalize on this new and exciting paradigm.
The stocks I think, give that still large segment of people who are not ready to learn about crytpos and exchanges, but have been on the sidelines hearing about all the excitement and gains, the opportunity to get on board this earth shaking crypto move, but within their own comfort zone by simply buying a stock that is related to bitcoin.
Most of these people already have a stock account they know how to use and in this way can participate easily. There are very few crypto stocks so these are already starting to skyrocket just in the last couple of days but may present an very unique opportunity. As a warning, there is not really a ton of info about them so use risk capital only!
I have put some money into them in just the last 1-2 days, already up significantly which means they may skyrocket further, or pull back hard, I do not think anybody can predict. Dollar cost averaging is probably the best way to enter at this point as they are just moving so fast now and price points could be anywhere next week. Anyways, I thought I would share, fwiw.
Here is a link with some of the info on 2 of the stocks crypto stocks that I just put together for myself and others as a starting point for due diligence.
https://steemit.com/bitcoin/@motowngold/global-arena-holding-inc-gahc-another-rare-bitcoin-and-blockchain-stock