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El-Erian Predicts Bitcoin Crash if Savvier Investors Sit Out Correction

Either the investor base diversifies during this price correction or bitcoin will crash very hard, former Pimco chief predicts.

DUBAI/UAE, 08NOV08 - Mohamed A. el Erian, Managing Director, Co-Chief Information, Officer, Pacific IINvestment Management Company, USA, at the  Summit on the Global Agenda, 07 November - 09 November 2008. 
Copyright <a href="http://www.weforum.org">World Economic Forum</a> (<a href="http://www.weforum.org">www.weforum.org</a>)/Photo by Norbert Schiller
DUBAI/UAE, 08NOV08 - Mohamed A. el Erian, Managing Director, Co-Chief Information, Officer, Pacific IINvestment Management Company, USA, at the Summit on the Global Agenda, 07 November - 09 November 2008. Copyright <a href="http://www.weforum.org">World Economic Forum</a> (<a href="http://www.weforum.org">www.weforum.org</a>)/Photo by Norbert Schiller