 "The problem with GST in India is its multiple rates, which will create problems. The bottom line is that if the Indian markets correct, foreigners will buy now: Christopher Wood")
Despite the stellar 900% return thus far in calendar year 2017 (CY17), rally in bitcoin and other cryptocurrencies has more steam left, says Christopher Wood, managing director & equity strategist at CLSA.
One reason for the up move continuing going ahead, Wood cites in his weekly note GREED & fear, is that the retail participation has just started to kick in, which will keep the cryptocurrency story alive. That said, he does not believe cryptocurrencies replacing gold bullion anytime soon.
Also Read: Bitcoin hits $11,000: Why cyptocurrencies need global regulation urgently
Also Read: Bitcoin hits $11,000: Why cyptocurrencies need global regulation urgently
“GREED & fear would be surprised if
