Bitcoin in 10 years
speech reported online. The tech bubble pushed the nasdaq to its knees @Naeem23, Bloomberg, the market has not only recovered from that level in the preceding years but it has made record highs, and to date, it is up nearly. But those are only a few examples, and the list of adoption is constantly growing. A few factors will boost bitcoin adoption including better wallets, easier methods to buy the digital currency, use of it for money transfers in areas like remittances, as well as citizens of countries with volatile economies and currencies buying. The strategy which is famous in adopting the volatility in your portfolio is called volatility targeting/scaling on the ongoing basis. Not to mention an industry of miners and blockchain coders. Diversification is the key to success and risk management is the door. The general consensus among the investment community is that the price is in a mammoth bubble territory and it would crash.
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Van-Petersen who owns bitcoin emphasizes that this is a rough calculation but that his growth predictions could be "conservative" given that in the year 2013 alone, bitcoin's price grew over 5,000 percent. Important Events To Look Out, for this month, we are up nearly 64 and the race towards the 5000 mark. If all goes according to the plan, it would spur more confidence and it is more likely to attract new capital. Bitcoin prices broke beyond 2,200 yesterday and are continuing to surge ahead at the time of publishing. After all, we have witnessed a number of crashes in the equity market since its birth.
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