Investor Predicts Bitcoin Price to Hit $27k in Four Months

Investor Predicts Bitcoin Price to Hit $27k in Four Months

A bitcoin investor and podcast host has predicted that the price of bitcoin will increase to over $27,000 in four months time. Trace Mayer, who proclaims to be an entrepreneur, investor, journalist, monetary scientist and ardent defender on his website, took to social media to make his prediction. According to him, by February 2018, bitcoin’s value will be worth $27,395. Host of The Bitcoin Knowledge Podcast, Mayer is basing his prediction on a 200 day moving average.

The Wealthy are ‘Curious’ About Bitcoin But Not Ready to Invest: UBS CEO

UBS Chief Executive officer Sergio Ermotti says that wealthy investors are curious about bitcoin and other crypto assets but are not ready to make significant investments in cryptocurrency. Ermotti told Bloomberg that the exceptional year-to-date performance of bitcoin, ethereum, and other crypto assets has piqued the interest of wealthy UBS clients, but he has not noticed any “meaningful desire” among clients to actually invest in the burgeoning crypto economy.