In recent trading action, Bitcoin (BTC.CR) was spotted trading near the $54 mark on volume of 53.
Investors may be wondering to what extent, if at all, they should be focusing on cryptocurrencies. The crypto phenomenon has picked up steam over the past six months, and even those who thought the craze would pass, are now most likely paying closer attention. Because the space is still relatively new, seasoned professionals may be putting in overtime to try and decipher the crypto market. As the bigger players start to become more involved in the space, it should be highly interesting to see what shape the market takes as a result.
Cryptocurrencies have become a hot conversation topic as of late. There are many supporters who think that everybody needs to get on board, and many detractors who are warning that the entire space is a bubble. Only time will tell what’s in store for the future of cryptocurrencies, but until then, there will be no shortage of opinions. Although there are many pros and cons of long-term cryptocurrency adoption, the underlying blockchain technology is most likely here to stay. From an outside perspective, it is easy to see the technology as a potential revolutionary force. However, there are still plenty of concerns about the functionality of digital currency and the aspect of long-term viability.
At this point in time, it is probably hard to find someone who has not at least heard about bitcoin. Since the release of the whitepaper by Satoshi Nakamoto, whose real identity is still unknown, bitcoin has seen a meteoric rise in value. Although the price has cooled over the last few months, the debate about it has not. Many investors may be wondering what to do about bitcoin and other cryptocurrencies. Many individuals have been quick to label the cryptocurrency market as a bubble or an outright scam. Even though the verdict may still be out on those ideas, the blockchain technology behind bitcoin and many other cryptos seems to be here to stay.
Investors may be wondering to what extent, if at all, they should be […]