BTC

XRP, NEO, Monero, IOTA: Can One of the New Kids on the Block Dislodge Bitcoin? – The Market Mogul

It is instinctive to associate the rapidly surging market of cryptocurrencies with Bitcoin – the most valuable currency in the cryptosphere and one that has been in the spotlight of financial media over the last 12 months.

Indeed, despite Bitcoin’s meteoric price rise, other cryptocurrencies have also skyrocketed – at rates faster than Bitcoin. Facing trading restrictions and bans from other countries – as well as having frustratingly high transaction fees and low processing times – there is a chance that another newer cryptocurrency may seriously rival Bitcoin this year.


Quinlan Associates: Bitcoin Price will Crash to $1,800 in 2018 | BTCMANAGER

Bitcoin Predicted to Crash in 2018
In their 156-page report titled “Fool’s Gold: Unearthing The World of Cryptocurrency,” the firm comprehensively stated that the current bitcoin price above $14,000 is a bubble and does not reflect the true worth of the cryptocurrency. Quinlan associates argued in their write-up that the current price is unreal for bitcoin both as a store of value and a medium of exchange.
The report read:
“As an asset, we valued Bitcoin using a cost of production approach and a store of value approach, resulting in values of $2,161 and $687 respectively. To value BTC as a currency, we estimated its utilisation for both legal, retail transaction payments, as well as payments in the black market. After significant testing, we calculated the price of BTC to be $1,780.”