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Bitcoin Price Should Stabilize Near $5,000: Allianz Chief Economist

Bitcoin Price Should Stabilize Near $5,000: Allianz Chief Economist

It is not terribly common for a mainstream economist to say something good about bitcoin in the period of its downtrend, but Mohamad El-Erian once again made an exception. The Allianz chief economic advisor said in an interview that cryptocurrencies are not dead, though they may be overvalued.

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