Investment Analyst Pegs Bitcoin Price to Hit $3,678 If SEC Approves ETF

Investment Analyst Pegs Bitcoin Price to Hit $3,678 If SEC Approves ETF

Emerita Capital, a provider of quantitative analysis for investment assets, believes bitcoin price could hit $3,678 if the Securities and Exchange Commission (SEC) approves the Winklevoss ETF on March 11. The company, writing in Seeking Alpha, recommends portfolios hold between 0.2% and 5.0% in bitcoin. It recommends purchasing bitcoin on an OTC spot exchange. Emerita Capital states at the outset that its views are contrary to many investment and research firms, a factor that has created an attractive return/risk ratio for investors taking positions in the bitcoin OTC market before March.....


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