3 Reasons Why Bitcoin Could Hit $30,000 by New Year Eve
The benchmark cryptocurrency logged yet another record high on Sunday, hitting $28,387 as traders/investors measured its strength against the US dollar.
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Bitcoin is exploding higher despite fears that it would see a strong drawdown toward the $14,000-15,000 region. The coin currently trades for $18,800, which is a new year-to-date high and multi-year highs. The coin is up 6% in the past 24 hours as buyers continue to flood in. Here are three reasons why the cryptocurrency […]
It has been one year since Bitcoin became legal tender in El Salvador. Crypto adoption has not been without issues in El Salvador, but it’s difficult to weed through the different stories about Bitcoin because there are so many competing interests promoting or FUDing Bitcoin. This article will filter through the nonsense and describe how Bitcoin in El Salvador has panned out one year after it became legal tender. Why El Salvador Made Bitcoin Legal Tender El Salvador made Bitcoin legal tender ostensibly for a few reasons. The government cited the following reasons: A significant portion of....
Chainlink is easily the best performing cryptocurrency for the last three years, and this year managed to outperform Bitcoin by over 500%. But the tides have finally turned on the two opposing crypto coins, and it could signal an extended downtrend against the first-ever cryptocurrency for the foreseeable future. Here are three compelling reasons and […]
Bitcoin’s popularity is increasing every day. As time goes by, more of us are losing faith in fiat currency and placing our trust in the digital world. Sure, things aren’t always perfect, but if one looks deep enough, the advantages are certainly there, and given the right circumstances, it might be possible to earn a bit to further secure ourselves financially. As we near the end of 2015, many may be wondering if investing in bitcoin might be a good goal for the upcoming year. Here are a few reasons why one should consider doing so:
This year was a time of further consolidation for the bitcoin industry. After what you might call a 'Wild West' period (when it seemed everyone with the urge was setting up their own bitcoin-based service), the space is now rapidly becoming more dominated by bigger, more professional outfits, often with serious funding to get them off to a solid start. And while some big bitcoin names made the news this year for positive reasons, some firms had to report that they were closing down. A variety of reasons brought about these failures, from increased competition, to a lack of cash or even,....