Bitcoin prices have risen sharply this year, but what does this mean for investors? Joe Lee, founder of Magnr, offered a more optimistic stance on Bitcoin's recent price gains. "I don't think we are in a bubble," he said, stating that while he expects the digital currency to experience of roughly 10% within the next two weeks, any such pullbacks represent buying opportunities. "There is huge demand at the moment ...
In September of 2014, in an interview with Fox Business, Tim Draper claimed Bitcoin would hit $10,000 USD in three years. To put that in perspective, Bitcoin was worth $413 USD at the time of the interview. Even strong believers in bitcoin and cryptocurrency in general were skeptical of such massive overall growth—particularly after the intense fluctuations the market, like the crash of 2011, in which the cryptocurrency declined in value by 94 percent. ...
Why has Bitcoin's latest fork failed to entice investors? Bitcoin Gold, a fork of Bitcoin that aims to democratize mining, has thus far failed to win over investors, its futures dropping to an all-time low the day after its software client went live. Futures for this altcoin, which is very similar to Bitcoin but allows a wider range of processors to be involved with mining, fell to as little as $218.34 today on CoinMarketCap, ...
BITCOIN climbed to a new all-time high of US$6,500 yesterday, boosted by bets the cryptocurrency could enter the financial mainstream after the world’s largest derivatives exchange operator said on Tuesday it would launch bitcoin futures. CME Group Inc said it would provide a regulated trading venue for the cryptocurrency market and would launch the new derivatives in the fourth quarter of 2017. The announcement was seen ...
There's a big difference between Bitcoin and the famous 17th century tulips. A fixed supply makes Bitcoin prices demand driven. The more people become familiar with the cryptocurrency, the higher the demand and the price for Bitcoins. more...
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