Crypto Critic Admits He Was ‘Very Wrong’, Calls Bitcoin Digital Gold: Bitcoin, Ethereum, XRP Price Analysis
A British economic historian says he “was very wrong” on crypto and now believes digital assets won’t be the “complete delusion” he once thought they would be.
According to The Australian Financial Review, Niall Ferguson says Bitcoin is “a bit like an option on digital gold” and says the next 10 years in finance will be revolutionary.
“I was very wrong. Wrong to think there was no use for a form of currency based on blockchain technology.”
Right now, the markets are mostly green, with Bitcoin up 0.89% at $3,902. XRP and EOS are the only coins in the top 10 trending down, losing 0.31% and 0.24%, respectively.
Technical analysts are watching the next moves for Bitcoin and XRP, and turning more bullish on Ethereum.
NewsBTC – BTC comeback is on the cards
Cointelegraph – Price action points to a consolidation in the near term
Bitcoinist – ETH makes the long slog back toward $165
ETHNews – Ether primed to surpass $142
Coinnounce – Bullish momentum has now turned into a support level