Published on May 27th, 2018 | by bitcoin0
New WalL Street Analyst Says Buy Bitcoin and Sell Altcoins!
Bitcoin remains a strong buy despite recent losses, blockchain venture capitalist Spencer Bogart told CNBC yesterday, May 26.
Bogart is a partner at major VC firm Blockchain Capital, and was reportedly the first Wall Street analyst to cover Bitcoin and blockchain, authoring a highly regarded blockchain industry report.
Bitcoin has now seen three weeks in the negative, its “longest running streak of losses since September 2017,” as CNBC’s interview intro noted.
Despite this, Bogart outlined a bullish forecast for the long term, saying that: “The long-term thesis is very much intact…
The institutionalization of Bitcoin is absolutely occuring…Every major bank is trying to do something in the space.