All Of The Top Twenty Cryptocurrencies Have Reached All-Time Highs This Week
Top twenty cryptocurrencies by market capitalization have all reached record highs this week.
Bitcoin's dominance was down below 50% and altcoins surprisingly hit new record highs.
Bitcoin including a number of other top 20 cryptocurrencies have had price pullbacks after hitting those highs but only Ripple remained at peak and Nem, Stellar and Lisk stayed strong amidst the pull back.
Bulish Strategist Tom Lee Said Bitcoin Is A Good Bet For Millennials
Co-founder of FundStrat Global Advisors, a market strategy firm, has said Bitcoin is a valid investment for young people in an interview by CNBC.
Lee is an outspoken Bitcoin bull and believes the cryptocurrency makes a lot of sense as a store of value.
One of the major advantages he sees to Bitcoin is that its value is not correlated to stocks, gold or bonds thus, he believes Bitcoin is a good diversification.
Lee said that millennials, specifically in the US are driving the adoption of not just Bitcoin but also Blockchain and digital industries, making them as a real asset class.
Headlines for the world of Cryptocurrencies - December 21, 2017GMO, The Japanese Internet Giant Has Launched Its Bitcoin Mining Facility / NYSE Seeks To List Bitcoin Futures ETFs, Bringing Bitcoin ETF Closer To Reality |
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Headlines for the world of Cryptocurrencies - December 20, 2017Thomson Reuters Lists Bitcoin Cash To Eikon Platform / Coinbase And GDAX Announced Trading Support For Bitcoin Cash |
Headlines for the world of Cryptocurrencies - December 19, 2017Wall Street Research Analyst Ronnie Moas Predicts Bitcoin Price To Reach $300,000 / Survey Says Majority of Bitcoin Investors Are Bullish About The Cryptocurrency This Coming 2018 |
