A year ago we asked 16 industry experts and MODERN TRADER analysts to provide their forecast for various market sectors in 2017. More than half had a positive outlook on the S&P 500, but only Dan Gramza predicted that the S&P would gain more than 15%. Alan Bush, Joe Cornell, Carl Larry and Tim Melvin all predicted the broad market would gain more than 10% in 2017.
Bitcoin began in 2017 with a value below $1,000, by early December it surpassed $17,500. Ronnie Moas put out a buy recommendation in July when bitcoin was priced at $2,570, he recently raised his 2018 projection from $20,000 to $28,000. Here’s why.
Bitcoin and cryptocurrencies, while talked about frequently, has remained a sort of closed universe comprised of digital geeks. But its recent growth has attracted the attention of institutional players.