After Black Tuesday, Bitcoin Price, Altcoins Showing Signs Of Recovery

After Black Tuesday, Bitcoin Price, Altcoins Showing Signs Of Recovery

It was a very negative beginning of the week for cryptocurrency holders as the entire market experienced a significant decline in price. August 1 is near. Market analysts have come up with different factors to be behind this significant decline in Bitcoin and altcoin price. Ironically, this comes immediately after the G20 summit in Hamburg where reference was made to digital currency as an important technology in the global economic transition. Also of note is that the community is nearing an important date of August 1 when Bitcoin is expected to make its most crucial decision since....


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Quotes

Long term, if Bitcoin gains widespread adoption, I'd expect the Bitcoin price to correlate to how useful people think sending payments, property and contracts anywhere in the world instantly and reliably is. Personally I think this could be more useful than wearing jewelry, but maybe that's just me.

Chris Dixon, Entrepreneur and investor, co-founder and former CEO of Hunch