Bitcoin could "easily" see a $100,000 price tag in the coming year.That was just one of the revelations revealed in today's exclusive event TheStreet LIVE: Investing in Cryptocurrencies , a broadcast featuring top blockchain and cryptocurrency authorities. Just Click Here for an Instant Replay!
That's the assessment from James Altucher, a noted crypto commentator, author and podcast host.
"Bitcoin could easily see $100,000 in the coming year," he said.
Bitcoin prices reached a high of near $20,000 in Dec. 2017, but have since fallen to roughly $10,500. A move to $100,000 would represent an 852% increase from current levels. The S&P 500 is up 2.3% since the start of the year.
Meanwhile, Oliver Pursche, chief market strategist at Bruderman Brothers, personally invests in cryptocurrencies, but said his holdings represent less than 1% of his net worth.
"I own four of them," Pursche said. "With the full understanding and belief that two are probably going to zero, one is going to tinker along and if I'm lucky, one of them becomes a rockstar."
Watch the Full Conversation TheStreet LIVE: Investing in Cryptocurrencies