06-10-2017 14:21 via cryptoinsider.com

Bitcoin’s price has a long way to go until it peaks

There’s a growing consensus – which, notably, includes the billionaire hedge fund manager Michael Novogratz – that the market prices of both Bitcoin and Ethereum have reached their peak. In other words, they can only head in one direction, and that’s down.
But I disagree.
In fact, I believe that Bitcoin, Ethereum, and other leading cryptocurrencies have a long way to go before they approach peak price, and for one simple reason: demand from sovereign wealth funds.
Take, f
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