Allianz: Bitcoin is a Buy Below $5000

<br />Allianz&#8217;s chief economic advisor, Mohamed El-Erian, has called bitcoin a buying opportunity — if the market leader falls below $5000. Not everyone agrees, however, and the non-believers have come out in force.  &#8216;You Might as Well go to Vegas&#8217; Bitcoin was trading at roughly $5,870 when El-Erian told CNBC&#8216;s &#8220;Squawk Box&#8221; that any price below $5,000 is a major buying opportunity — a sentiment surely shared by many others in the cryptocurrency space. Plenty of<br />Read More<br />The post Allianz: Bitcoin is a Buy Below $5000 appeared first on Bitcoinist.com.

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