What Will Happen To The Price Of Bitcoin During 2017
The price of Bitcoin is reaching all time highs and it is getting the attention of the world largest investors and hedge funds. Although they are still skeptical they can no longer ignore the BTC as it has outperform every assert consistently now for three years.
The price will depend on a number of factors but the main area that is fueling the growth is the current worldwide financial crisis that just will not go away no matter how much money Governments pump into the banking system. If the crisis get worse which is a strong possibility when you consider the type of people in charge of our countries, the price will continue to rise. The added security of holding your own money is a key reason investors are flocking to buy crypto as it safe guard their cash. Lessons have been learn when Cyprus collapsed and the banks took money from its account holders to pay off debt. With Bitcoin they would be unable to do this which is why anyone who has savings should hold a percentage in BTC.
Bitcoin is close to hitting a price that could see a 47 percent correction, according to one analyst, following a huge rally for the cryptocurrency that has led it to record highs. On Thursday, bitcoin hit an all-time high of $2791.70, according to CoinDesk data, marking a 180 percent […]