Elevation Partners co-founder and early Facebook investor Roger McNamee thinks 2018 will be a decisive year for bitcoin.
If the cryptocurrency lasts that long and continues to gain value, even a crash couldn't stop it from becoming a legitimate business, according to McNamee.
Bitcoin might be all hype, but it could withstand a crash and become legitimate, particularly if it sees enough gains in 2018, according to tech investor Roger McNamee.
Bitcoin is "still a very small market in the context of the larger financial world, but it has had a huge year. We've done it around a speculative mania," the co-founder of venture capital firm Elevation Partners said Thursday on CNBC's "Fast Money." "If a mania goes on long enough, it becomes self-fulfilling. Even after a crash, what follows is a legitimate industry."
Bitcoin was recently down 8.4 percent at $14,087.93 on Luxembourg's Bitstamp exchange. The cryptocurrency has rocked back and forth after hitting a high near $20,000 in November.
Hello, please write your own post not copy past from the internet, we don't accept that in the group and you can't grow with that.
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