The price of bitcoin has surged over 13% in the last 24 hours. How is this possible?
Recent developments like some major banks including Jamie Dimon have softened their stance on bitcoin's validity. I wouldn't be surprised if some institutions have already jumped in with two feet.
The second reason could be ethereum hard fork uncertainty. Investors are seeking a safe haven from the volatility from the changes to the ethereum platform.
Lastly, ICOs are not fairing so well. Some ICOs are being investigated for validity. Coupled with China's stoppage, the only safe cryptocurrency is the behemoth bitcoin.
As I write this article, the price has increased to $5495.
So, if you're still on the sidelines I would consider at least signing onto some platforms to prepare your entry in the future. Some platforms require a few days to verify your identification.
One of the quickest way to purchase bitcoins is through Coinbase. If you don't already have an account, please use my referral link (https://www.coinbase.com/join/58151d2f1f38240dd478eea9) where you and I will receive $10 when you process a $100 transaction.
Back soon with more updates!
