Expert: Bitcoin could "add fire" to the collapse of markets

Expert: Bitcoin could "add fire" to the collapse of markets

March 16, 2018

Bitcoin in December and January was a more serious problem.

Christopher Harvey, head of securities at Wells Fargo on CNBC, said that in December of last year and January of this year Bitcoin, more precisely, the dynamics of its value, was a much more serious problem than now, since at that time Bitcoin " nobody looked. "

Trump worries more than crypto currencies

Asked whether the Bitcoin price movement could signal a market failure, Harvey commented: "Will you worry that the Bitcoin price will be like a canary for a coal mine, for the markets? … This is what we are looking at. We believe that this is (Bitcoin) a risky product and it can add fire (in the wreck of markets). "

At the same time, Harvey noted that now, although the cost of Bitcoin has fallen again, it is less worrying, since now the dynamics are being observed for crypto currencies, writes Express.

But "in fact, I think that there are other problems in the market – tariffs, regulation and Donald Trump … Not long ago, some people talked about a nuclear war with North Korea, now we're talking about getting together (for negotiations) … On At this stage, we are not very worried about crypto-currencies, "said Christopher Harvey.

Author: Evgenij Novožilov, Analyst Freedman Club Crypto News

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