John Pfeffer – Partner Pfeffer Capital
Someone had to do it…
John Pfeffer from Pfeffer Capital is out with his Sohn Conference pick and its……Bitcoin.
- Bitcoin is 1st viable candidate to replace gold
- Could see $90,000 or significantly higher.
Bitcoin is trading down -$38 on the day to $8851.
I guess when you expect $90,000 or signficantly highe, than $90,000 is the low end of the estimate. Just buy baby….
PS the price remains below its 100 day MA at $9216.11. For the longs out there, a move above the 100 day MA and then the 200 day MA at $9818 will be a step in the $90,000 direction.