Blockchain getting a favourable mention on the respected wiseowe.com financial advisory site via the homepage of nabtrade. All positive for DCC imo. See extract below. Bitcoin: Bubble or long-term value?
After Bitcoin’s meteoric rise in 2017, the question that everyone is asking is whether the bubble is about to burst. But maybe the critics are getting it all wrong and cryptocurrencies will experience price stability over the course of next year. This discussion does not only apply to Bitcoin but arguably for all cryptocurrencies.
With volatility being the norm, the question is whether a mass of new investors, attracted by this year’s massive price run-up, will stick with Bitcoin through short-term losses or if everyone is heading for the door. Bitcoin may not impact the greater landscape of stocks, but it will certainly be an asset class to watch in 2018.
Wise-owl has no particular view on Bitcoin, but we see significant value in blockchain technology as it can transform the financial industry and the way we transact. It wasn’t until 2017 that Bitcoin hit a tipping point of mainstream popularity, but it remains to be seen if its general acceptance will grow or vanish in 2018.
DCC Price at posting:
42.0¢ Sentiment: Hold Disclosure: Held
