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Author Topic: Latest News Bitcoin Price to hit $100,000 in next 12 months  (Read 713 times)

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Offline NehabtcTopic starter

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Latest News Bitcoin Price to hit $100,000 in next 12 months
« on: December 27, 2017, 11:26:02 AM »


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After a remarkable year for so-called Crypto Currencies, and countless warnings the bubble was about to burst, the market seemingly remains robust.

Newer cryptos like Etherium, Litecoin and XRP/Ripple are threatening bitcoin’s previous dominance but mountains of cash continue to be invested in the entire sector.


In 2017 bitcoin has seen a 400 per cent increase, breaching the $20,000 mark – however, in the days before Christmas the currency saw a dramatic ‘correction’ and was trading at below $14,000.


However, the Chicago Board Options Exchange (CBOE) and Chicago Mercantile Exchange (CME) both launched its bitcoin futures contract in December.


Nick Spanos, founder of Zap.org and the Bitcoin Centre NYC who is a bitcoin and blockchain expert said: “Bitcoin has a stellar year ahead. No matter how low bitcoin went in the past, it always climbed back at least a few times stronger.

“Bitcoin is now tested and proven to the market: more importantly, people now separate the Blockchain’s incredible abilities from outside issues, so bitcoin is gaining more solid confidence from users and outsiders as this understanding improves. These perceived downsides are being taken care of, while the upside for bitcoin is virtually limitless


 

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