Finance expert Peter Boockvar said he could see bitcoin being around for a
“long time” but the price could decline.
But Mr Boockvar, Bleakley Advisory Group CIO, said: “But the
price itself, I wouldn’t be surprised if over the next year it
is down to 1000-3000.”
Mr Boockvar said the fears bitcoin could implode and take the
stock markets down with them are “more psychological”.
He told CNBC: “Now,
maybe in South Korea and Japan and even in the US, where people
are taking on credit card debt to buy coins. Yeah, they are
going to be necessarily contacted.
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