Bitcoin is back in the media title again. Last week, when the world's largest cryptocurrency approaches $ 10 000 mark, face with severe resistance moving averages of 200 days at $ 9800.
In addition, last week, 17-millionth Bitcoin was produced. The crypto coin was originally developed with a limited stock of 21 million coins, and this feature should support its value as it reached this roof.
It is not an accident that the current session began only after the tax day (the last day of the tax return in the United States). Many holders of Bitcoin and Altcoins last year lost their reserve part to cover tax on profit profits, and are now returning to the market. Bitcoin increased by 33% in a month
There is a lot to be done in the crypto-currency market to be a complete asset class. He is still in the early stages of development, and recent allegations that Bitcoin died, not to mention the negative attitude of
The crypto coin press, highly premature before.
Many investors remain optimistic about Bitcoin, but it is unlikely that in the short term, it will return to the historic high, especially on the eve of July, when G20 will present their recommendations for the minister for cryptocurrency regulation.
Regulation, if it is not fair and reasonable, there is no barrier to the crypto currency. It could buy some investors to buy. A recent survey by Thomson Reuters, which includes these hedge funds, financial institutions and other large investors, has shown that in five years a company plans to sell Alexisain this year. In it, about 70% say that they want to enter the market for the next 3-6 months. Obviously, the large number of large investors consider it as an excellent opportunity to acquire crypto coins
Venture companies are investing more money into start-ups based on crypto-currency and lock-up. In December, January and February, the funding for block-start-up exceeds the average value (55 million dollars) in the last three years. Real growth
The most optimistic VC is one team drawer, Hotmail is an early investor (since the service was purchased by Microsoft and named Outlook), Skype (also purchased by Microsoft) and Tesla (his Microsoft has not yet been bought). In the recent Detective Squad Conference in New York, Draper said that Bitcoin's assets are more likely than the three start-ups. "It is steeper than industrial revolution," he said.
In addition, he said that according to his predictions, twice that the Bitcoin price for the next four years will reach $ 250 000 and the traditional currency will become much faster than expected. Droper said:
"IN FIVE YEARS, ANY PERSON WHO TRIES TO BUY COFFEE FOR GENERAL MONEY, RISKS GETTING SCARED FROM THE SELLER, SINCE HE DOES NOT USE CRYPTO COINS."
Some readers would certainly condemn Drapar's unbelievable statements. But cash worldwide war has already started and it is managed by some central banks, economists and politicians, in an important role.
In order to deal with terrorism and drug trafficking, Eurozone has already canceled the assessment of the Euro 500. India, in the same way, to fight against corruption, entered the banknotes of 500 and 1000 rupees (see the sharp fall on the chart below) and Sweden, the first one in paper money switch, leaving them completely and depending on the electronic payment system (note: shared bank notes in Sweden slowly Zero approaching).
Rejecting a large value-based documentary is based on good intentions, but ultimately it violates human liberty on freedom. It became particularly apparent with low or negative interest rates like Japan (Japan Bank recently announced that it would have a short-term rate of -0.1%).
In these circumstances, the demand for other liquid assets and "alternative payment technology" being increasing, such as Reserve Bank of Chicago did it. Perhaps it will benefit from crypto-currencies like Bitcoin and Ether. Currently, the amount of paper money in the US economy is 1,59 trillion dollars. According to the Chicago Federal Reserve Bank, this amount will decrease by 501 billion for 10 years, and Altcoyns's popularity will increase significantly for the payment. St. Louis Federal Reserve Bank reports a quick transfer from the crypto-currency cash in the second quarter of the report:
"IN THE NEAR FUTURE, THE PAPER MONEY WILL BE REPLACED, IT WILL BE PROVIDED AS A QUICK PAYMENT METHOD, POTENTIAL CANDIDATE BITCOIN OR OTHER CRYPTO CURRENCY FOR THIS PLACE, ALTHOUGH THERE ARE STILL MANY ERRORS IN DIGITAL CURRENCY, THEY ARE HIGH SPEED PAYMENT NETWORKS (SUCH AS LIGHTNING NETWORK BITKAYEN) AND OTHER SCALING CAN DISAPPEAR WITH THE EMERGENCE OF SOLUTIONS. "
So probably Tom Draper is right about something.
