US: El-Erian Calls Bitcoin a Buy If Its Price Falls Below $5,000


After tumbling some 70 percent from its peak, bitcoin is reaching a point where even an authority like Mohamed El-Erian thinks it could be a buy. The chief economic advisor at Allianz, considered one of the most influential financial market thinkers in the world, said Friday that the cryptocurrency would be worth considering if it falls before $5,000. Bitcoin was trading around $5,870 as El-Erian made his remarks on CNBC’s “Squawk Box.”

image via Wikipedia

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