Bitcoin : Bitcoin could get yet another price jump as tech giants Apple, Google, and Amazon’s continue to sell off and valuations adjust downward 20% in the coming weeks .
The rolling bear market in the traditional stock markets continues to play-out. Taking out the weakest companies first, and then advancing on to the stronger companies. We saw Netflix drop, and then Facebook plunge. What’s next? The crowded trades will be the last to correct. Corporate earning are still good, but the smart money knows when to spot a top. P/E rations will simply have to come down, and the market cap of these behemoths will plunge. It’s safe to say that a total crash is highly unlikely due to fundamentals, and strength in the economy, but a 20% pullback in top tech stocks is eminent.
With the Cryptographic assets having already experience this correction, smart investors selling companies like Google, Amazon, and Apple in the coming weeks can be turning to Bitcoin as a better alternative.
Bitcoin
Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority.
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