Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin: Price Analysis
Goldman Sachs CEO Lloyd Blankfein indirectly hinted that cryptocurrencies are on their way to replacing paper money. This is in stark contrast to JPMorgan CEO Jamie Dimon, who has still not acknowledged the rise and acceptance of cryptocurrencies across the globe. Nevertheless, it is interesting to note that at least a few major investment banks are pondering over allowing investors direct trading opportunities in cryptocurrencies.
Experts are bullish on Bitcoin, expecting it to reach $6,000 by the end of this year. That is a good 42 percent above the current price of $4,200. Let’s see, whether this is a good time to enter cryptocurrencies or are they due to fall further.