Forget FUD, Day Trades; Go Long On Your Bitcoin Investment30

Cryptocurrency skeptics who only focus on Bitcoin’s immediate price action are failing to see the forest for the trees.

In a recently published op-ed, Bloomberg contributor Leonid Bershidsky advised investors to ignore Bitcoin’s quick ascension to $5,000 as the move was nothing more than a “blip” driven by manipulation. Throughout the article, Bershidsky questioned the logic of investors optimistically viewing “Bitcoin as a better safe haven than other, more traditional investments” which provide more reliable returns and he advised investors to steer clear of cryptocurrency. Unfortunately, this guidance relies on more misconceptions than truth.

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