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Why This Analyst Is Cautioning Bitcoin Investors To Have A 'Very Strong Stomach' Amid Plunge

Bitcoin (BTC) shows positive signs in the long-term but investors will need to have a “very strong stomach” to survive through short-term volatility, an analyst is warning.

What Happened: Miller Tabak chief market strategist Matt Maley told CNBC on Thursday that regulatory risks and pullback from the near 200% surge this year mean Bitcoin could see a further drop in the short-term.

“If the government comes along and wants to regulate that more, I think that some of this excess liquidity is going to move away and move to another area,” Maley said on CNBC’s “Trading Nation” show.

That combined with the pullback could …

Full story available on Benzinga.com

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