Bloomberg Report: Bitcoin Topped All Other Currencies In 2016
Bitcoin gained more value than all other currencies in 2016, according to Bloomberg, driven by China’s crackdown on the yuan, isolationist rumblings in the U.S. and the U.K,. and increasing acceptance by consumers and businesses. Bitcoin’s price surged 79 percent since the start of 2016 to $778, its highest level since early 2014, data compiled by Bloomberg indicated. That quadruples the gains posted by Russia’s ruble and Brazil’s real, the world’s top two hard currencies. Consumers Discover Bitcoin. “There are starting to be consumer uses for bitcoin, and if people have any concerns about....
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Thomas Richard "Tom" Carper, the senior United States Senator from Delaware, told in a recent video interview with Bloomberg that he is very interested in Bitcoin and cryptocurrencies and that: The idea with virtual currencies has some promises. We will get a report on Bitcoin within the next month. In the meantime, virtual currencies are probably not going away, and if they are going to be a reality we need to figure out a way to let them exist to do good - and how to deal with the bad sides of it. Whatch the full interview here. Dec. 19 (Bloomberg) - Senator Thomas Carper, a Delaware....
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A recent article by ZeroHedge regarding potential bitcoin curbing measures by Chinese authorities has raised a number of questions in bitcoin’s community, but Bloomberg confirmed that an article by Steven Yang, Bloomberg’s Beijing correspondent, used by ZeroHedge as a source, is authentic. A spokesperson for Bloomberg told CCN over the phone that the article remains live in their terminals which are accessible to only Bloomberg subscribers and not available on the clearnet. Other industry publications like Singapore’s The Business Times have since reported on the story. Asked whether there....
A new report from Bloomberg Intelligence suggests the Bitcoin price may soon approach $100,000 should historical trends continue.