You Don’t Have To Hate Bitcoin To Think It Is Overvalued

Forbes
Forbes
Mar 29, 2018 · 2 min read
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Photo: Chris Liverani

By Peter Tchir

I continue to think Bitcoin and other cryptocurrencies have further to fall and I am unlikely to become bullish until Bitcoin drops below $5,000.

The basic premise is that speculators got way ahead of themselves in terms of the adoption rate. The adoption rate has slowed by every metric I look at, while speculators are still…

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