A British company’s stock price went meteoric after it added the word “blockchain” to its name.
Three factors converged to help the bitcoin price recover past $5,960 on Thursday, enabling the flagship cryptocurrency to place itself within striking distance of $6,000.
BlackRock Strategist Richard Turnill says “there’s no inherent right or wrong” bitcoin price but the markets bear “many characteristics of a bubble”.
Turnill, the global chief investment strategist for the $6 trillion money manager, told Business Insider that BlackRock is “looking a lot” at blockchain and believes this technology will see increasing adoption over time. However, Turnill does not anticipate this will lead to a correlative increase in bitcoin adoption or value:
Bitcoin is the first crytpocurrency, which introduced a new type of asset or currency, depending on how you look at it. At inception price of 1 BTC was not established by a market, until someone did a first purchase paying with bitcoins (famous 2 pizzas). As of today September 17, 2017 1 BTC is priced at ~$3.6K.
how much is your $1 a month savings could potentially be, if you convert it into bitcoin rather than saving it in a bank?
In the previous post we discussed why you should invest in Bitcoin as early as possible and what are the characteristics of bitcoin that make it valuable. In this post we look at potential reasons why bitcoin price might increase in the future and also what kind of investing strategy can be chosen.
Why bitcoin price might increase
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