Bitcoin will trade between $6,500 and $22,000 in 2018, according to the first analyst to cover it

Bitcoin is in for a potentially wild ride in 2018 that will end with a modest drop from the current price, the first Wall Street analyst to write about the crypotcurrency said Wednesday.

Nick Colas, co-founder of DataTrek Research, has been following the bitcoin phenomenon for at least four years. Looking ahead to 2018, he sees more volatility for an asset that has soared nearly 1,600 percent over the past year.

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