Entrepreneur and Choose Yourself Financial Founder James Altucher has a bold prediction for Bitcoin. Altucher predicts Bitcoin could reach between $100,000 to $300,000 by the end of 2018. He explains the argument for his bullish stance on this cryptocurrency, and addresses promises he is making to his subscribers.
Altucher defended his business strategy to lure subscribers with flashy commercials. Altucher says that his investment return guarantee newsletter is a strategy to educate the masses on Bitcoin.
"I'm a big believer that people need to be educated on what Bitcoin and cryptocurrencies are, and the effect they are going to have on society," said Altucher.
Stocks closed mixed ahead of the release of more economic data. Matthew Johnson, president of Johnson Wealth & Income Management, joined Cheddar News to also weigh in on last week's jobs data and the status of the country's labor market and what that could mean for another Fed decision.
Thousands of professors, part-time lecturers and graduate student workers at New Jersey’s flagship university have gone on strike — the first such job action in the school’s 257-year history.
