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Showing posts with the label Cryptocurrency

Check Out What are Top Richest People in the world are saying about bitcoins

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Introduction For the past decade, blockchain, Bitcoin (BTC) and other cryptocurrencies have disturbed everything they have encountered — including banking, hedge funds, law enforcement, health care and real estate to name a few. Blockchain technology and cryptocurrencies are set to transform many industries, yet this is only the inception. However, despite the overall energy and enthusiasm around cryptocurrencies and blockchain technology’s capacity to change the world as we know it, many of the world’s richest men have expressed mixed opinions. For instance, some billionaires, like Warren Buffett, are known to be strong Bitcoin judges while others, like Tim Draper, are avid supporters. In 2018, for instance, Buffett foretold that Bitcoin, in particular, will have a “bad ending.” On the other hand, billionaire investors like Tim Draper, Michael Novogratz and David Marcus have kept a bullish stance on cryptocurrencies and blockchain technology.  Here is Forbes’s list of the world’s rich

Bitcoin Price hit record since 2018

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Bitcoin hit a record high in trading Monday, Nov. 30 as the cryptocurrency market continues to boom during the COVID-19 pandemic. The price of bitcoin peaked at $19,829.27 at 10:14 a.m. EST before dropping to $19,158 as of noon before rising slightly once again. Bitcoin was trading at $19,513.32 as of 11:13 p.m. EST. Bitcoin’s previous record high was $19,783.06 on Jan. 1, 2017. Bitcoin’s new high levels have in part been driven in a post-election rally  in November , noting that its price rise actually started in October; bitcoin’s price was $11.406.06 on Oct. 17. Institutional interest along with broadening support for bitcoin is being credited for the price rise. Coindesk  reports  that the difference between this bull run and the last bitcoin bull run in 2016 is that the cryptocurrency has gained a new wave of institutional investors mainly based in North America. “You could look at the timing of the rally, which coincided with typical U.S. market open hours,” John Todaro, director