TheoTrade co-founder Don Kaufman shares his analysis and outlook for BTC as the cryptocurrency’s price has fallen nearly 70% in the last 12 months. Bitcoin must drop further, says Don, before it becomes an attractive investment. The lack of volatility in Bitcoin, and its decoupling from indexes such as NASDAQ and the S & P, have seen it range bound in recent months. There’s a sense of complacency among potential Bitcoin investors and traders that is persistent. We need to “feel the fear,” in Bitcoin, and it needs to drop into the low teens before it can climb back up again, says Don.
Watch the interview HERE
