El-Erian calls bitcoin a buy if its price falls below $5,000
June 29, 2018 at 08:44 AM EDT
After tumbling some 70 percent from its peak, bitcoin is reaching a point where even an authority like Mohamed El-Erian thinks it could be a buy. The chief economic advisor at Allianz, considered one of the most influential financial market thinkers in the world, said Friday that the cryptocurrency would be worth considering if it falls before $5,000.