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Why Bitcoin Getting to $100,000 is Inevitable
Bitcoin is no doubt the oldest and most valuable cryptocurrency in the market. Since its launch in 2009, it has been getting from strength to strength. Currently, it accounts for 30% of the total cryptocurrency market valuations with its value exceeding 1 trillion dollars. This makes It bigger than some prominent global companies. A single bitcoin is currently trading at an average of 60,000 dollars. Bitcoin Price Resurgence Could See It Hit $100,000 By December As the market leader, Bitcoin has set the pace for an industry that now has thousands of cryptocurrencies in circulation. Thanks to Bitcoin, the world now understands what decentralized money is. The price of Bitcoin…
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Bitcoin Could Hit $100,000 By December As The Recent Price Gain Continues
After hitting an all-time high, Bitcoin is now eyeing the big price of $100,000. The Coin that introduced us to the era of cryptocurrencies continues to break records year after year. Despite all the challenges on its path, bitcoin continues to shine. The key question now is how far can it get and by when? Most analysts believe the price of bitcoin is currently undervalued and could get as high as $1 million in the long term. What is Bitcoin? Bitcoins is a peer-to-peer cryptocurrency. It is the pioneer cryptocurrency that was launched in the year 2009 by the now-famous Satoshi Nakamoto. As the leading cryptocurrency both in value and…
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Bitcoin ETF Approval is likely to Send Its Price Towards $100,000
Bitcoin ETF’s past applications have all been declined. For about 8 years now, SEC has persistently declined to give such approvals. The regulator remains skeptical about such a product. However, the mood seems to be changing as current pronouncements regarding the product are more positive. This is giving some signals that approval could be possible soon. This optimism is one of the drivers fueling the price of Bitcoin recently. The price of Bitcoin has broken the sentimental $55 K and is now averaging the 56k price. It is a major move that investors believe could end up with the price hitting $100K. What are ETFs? ETF is an Exchange Trade…
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Why Investing in Ethereum Will Make You A Millionaire
Asked whether cryptocurrencies would end up replacing the fiat money we use today, Ethereum founder “Vitalik Buterin” said that he believes it is a possibility. For almost a decade since the introduction of cryptocurrencies, the global finance community is slowly starting to accept that they are here to stay. Step by step, more crypto coins are coming online with various diverse uses. Currently, the crypto industry averages $2trillion in market valuation. The market has become too big for anyone to ignore anymore. Leading the pack is both Bitcoin and Ethereum. For a long time, these two have established market leadership. A status quo that is likely to continue into the…
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Bitcoin: Is It a Bubble Waiting To Burst?
Since its launch in 2009, there have been numerous predictions that bitcoin is a bubble waiting to burst. More than 10 years later, it has gone from strength to strength as the bubble is yet to come. Created by Satoshi Nakamoto (Remains anonymous to date) Bitcoin introduced us to the era of cryptocurrencies. These are currencies powered through blockchain and exist in a decentralized form. Satoshi envisioned a future where it would act as an alternative currency to traditional money. Through decentralization, Satoshi made it possible for Bitcoin to exist without any central control point. Progress Initially, the majority of analysts dismissed Satoshi’s idea as mere imaginations. Having an alternative…
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