Wall Street’s first analyst to cover bitcoin is debunking a popular bitcoin investment strategy. According to DataTrek Research co-founder Nick Colas, a vast number of investors erroneously believe that if the stock market rallies, so will bitcoin. His finding is based on correlation analysis that goes back to the beginning of last year. Bitcoin could trade in a range of $6,500 to $22,000 in 2018, according to Nick Colas at DataTrek Research, an analyst who's been covering the cryptocurrency for at least four years. There is a lot of excitement regarding the Bitcoin price. Unsurprisingly, this also triggers a lot of warnings to remain cautious. DataTrek Research co-founder Nick Colas isn’t too convinced cryptocurrency is here to stay. Even though he is Wall Street’s first Bitcoin analyst, his outlook is rather grim. The Chicken and Egg Question One of ... Crypto Currency Analyst Nick Colas Predicts Bitcoin To Trade At Levels Of US Dollar 6500 to 22000. Mark Cuban. Bitcoin shall go on a probable wild ride in the year of 2018. Finally it will end up in a modest dropping down from the prices of current era. This is what Mr. Nick Cholas reportedly stated who happens to be an expert from the Wall Street. He is instrumental in analyzing the ... Wall Street’s first analyst to cover bitcoin never thought it would reach such a fever pitch. “It is clear that all of the enthusiasm around bitcoin earlier in the year has now morphed into a general craze, if you will, for all things crypto,” Nick Colas said Wednesday on CNBC’s “Trading Nation.” “I think of […]
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Nick Colas, co-founder of DataTrek Research, discusses bitcoin with Brian Sullivan. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From 'Wall S... April 11 (Bloomberg) -- Convergex's Nicholas Colas and Holland & Company's Michael Holland discuss the future of Bitcoin on Bloomberg Television's "Street Smart." (Source: Bloomberg) -- For more ... Nick Colas, Data Trek Research, and Larry McDonald, The Bear Traps Report, debate the risks of investing in bitcoin. » Subscribe to CNBC: http://cnb.cx/Subsc... Nick Colas, co-founder of DataTrek Research, discusses bitcoin with Brian Sullivan. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From 'Wall S... Nick Colas Of Datatrek On Bitcoin And Cryptocurreny Wallets Trading Nation CNBC. Category News & Politics; Show more Show less. Loading... Autoplay When autoplay is enabled, a suggested video ...