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Bitcoin Will Destroy Banks, ‘Question of When, Not If’, Says Mauldin Economics Investment Expert

  • Yuri Molchan
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    An investment strategist of Mauldin Economics states that Bitcoin indeed bears a serious threat for banks, saying that BTC will ultimately pushing them out of business

Bitcoin Will Destroy Banks, ‘Question of When, Not If’, Says Mauldin Economics Investment Expert
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Contents

Talks of whether Bitcoin is going to leave bankers without their jobs have been discussed for several years already. Many have already taken this for a fact and are now talking about how soon it will happen.

As 2018 showed, many former banking top managers feel completely at ease working for blockchain companies and the other way round.

Some of the most popular figures in the crypto industry who are forecasting Bitcoin’s ultimate victory over banks are Tim Draper, Tom Lee from Fundstrat, Mike Novogratz, inexhaustible John McAfee, Anthony Pompliano.

Now, a figure known slightly less than those above, but still an expert in investment strategies, has joined this pro-Bitcoin camp – Jared Dillian, an investment strategist from Mauldin Economics.

BTC will kill banks, a ‘question of when not if’

Dillian states that some technological hurdles are left but anyway Bitcoin will destroy banks. It is just a matter of time, he says. He has only been studying BTC for a couple of weeks, though.

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The community disagrees

In the comment thread, though, there are people disagreeing that Bitcoin is a perfect medium of exchange. One user says that BTC is not scalable enough (basically, going deeper into what Dillian said about the hurdles).

Others suggest that Ethereum is a much better alternative to Bitcoin.

Ethereum is a much better alternative to Bitcoin Twitter
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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Bitcoin Price Likely to Decline to $7,800: Crypto Analyst

  • Yuri Molchan
    📰 News

    Bitcoin is to find support at $7,800 or recover to $8,300, an analyst writes, but either way ‘continuation of the ranging on either of the levels is going to occur’

Bitcoin Price Likely to Decline to $7,800: Crypto Analyst
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Over the last few days, Bitcoin has been trading below the $8,500 area. At the moment, it has recovered to $8,258 after the recent slip below the $8,100 level.

Analysts have been bullish on BTC in the long run, however, the nearest BTC price movements are expected to be bearish.

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The crypto analyst @CryptoMichNL believes that there are two paths ahead of Bitcoin at the moment. If it fails to recover to $8,300, he says on his Twitter page, then the market should be ready for the flagship coin to drop and find support at the $7,800 or $7,300 levels.

Whichever way it goes, ‘continuation of the ranging on either of the levels is going to occur’.

The analyst tweeted this forecast twice with an hour pause.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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