Wednesday, August 20, 2014

Peter Schiff: Bitcoin $350 could be a low downside target

The fact that prices have not rallied on recent good news, like eBay announcing it will accept payment in bitcoin, is a bad sign. 

Also, the recent move to regulate bitcoins is lessening their appeal with early adopters as is competition from 400 other digital currencies. 

Peter Schiff is a smart investor and author of several best selling books. He correctly predicted the economic meltdown of 2008 - 2009