2018-7-11 16:58 |
Bitcoin is still the best bet for crypto investors as people are “functionally using” it, Bart Smith told CNBC.
“The use case for bitcoin is valid today, which is the currency of the internet,” he added.
But the fact that bitcoin has established use cases is what gives it the competitive advantage over other cryptocurrencies, Smith said.
Last fall, when bitcoin futures were announced, “people got very excited about bitcoin,” he said.
Bitcoin fell below $6,000 in June — a 60 percent loss for 2018.
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