wrote in the official Twitter account. Even small developments in governments, traditional will likely affect prices. Well, that doesnt seem practical but the message was clear. The main reason what the crypto folks are pointing out to is not getting a green light from the SEC regarding the BTC ETF. According to a report,. Kenneth Rogoff/perfectpul" Rogoffs prediction is based on his long-held belief that governments will rise against anonymous virtual currencies like Bitcoin. Bitcoin was originally designed as an alternative currency to bank the unbanked. There are still concerns about bitcoins used for illicit purposes Due to the anonymity of Bitcoin transactions, it has been used to conduct illegal activities giving Bitcoin a general bad image.
USD (Jul 05, 2013) 52 Week High / Low 9964.50, uSD / 3191.30, uSD 90 Day High / Low 4296.81 USD / 3391.02 USD 30 Day High / Low 4296.81 USD / 3733.75 USD 7 Day High / Low 4296.81 USD / 3934.03 USD. According to Forbes, the co-founder of guide forex BTC China Bobby Lee no longer believes in the use cases of blockchain technology outside the world. Most recently Bithumb is reported to have lost 30 million in cryptocurrencies after a massive hack hit the exchange. He predicted that Bitcoin price will hit 1 million by 2020 following last years prediction of 7000 which was well surpassed. This was fulfilled a month earlier than he predicated earning him a reputation among crypto fans. These perceived downsides are being taken care of, while the upside for bitcoin is virtually limitless. This is just a glimpse of the adoption rate going higher and higher. Bitcoin is currently sitting in votality in the market, though it is hard to predict how investors will react to the recent events. Most say the fluctuations are normal and wouldnt affect the longer term outlook. Most decision making bodies and financial experts, however, see Bitcoin more as a store of value, an asset rather than a medium of transaction.
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