Bitcoin at $62K ‘great buy’ before next surge, says fund manager

in #crypto4 years ago

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“Opinion: Price should close above old ‘ceiling’ of ~$61,250, then surge higher. Great opportunity to buy before next leg higher.”

Interesting article about where Vailshire Capital Management CEO Jeff Ross thinks the price of bitcoin is going from here. Like a lot of people out there I've made a couple bucks in crypto and am wondering if/when I should take some money off the table. Yes, bitcoin is money, but like gold it can fall compared to other things in the short term. My goal now is to make more money from interest to offset any fall in crypto prices....

Read the full story here...
https://cointelegraph.com/news/bitcoin-at-62k-great-buy-before-next-surge-says-fund-manager

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What do you think, will a rise to 70k hurt the alts?

Probably in the short term, but I don't play that short term game of in and out, not my thing, lol