And as millions of new bitcoin users join the network the system is only going to get slower and with the increasing price…more expensive. And those two factors fly completely in the face of Bitcoin’s original intentions.
Australian banks continue to distance themselves from any crypto currency. They label them as untrustworthy and volatile.
The price of Ethereum went absolutely bananas over the weekend. What is the cause of this incredible rise? Is Ethereum in a bubble? Is this just the beginning?
We’ve been crypto crazy since 2010. But only in the last few weeks that people who dismissed us as crazy have decided maybe we’re not crazy after all.
Shares of Digital X [ASX:DCC] have risen this morning, following the announcement of a possible $4.35M funding deal.
In today’s Money Morning…Paris, you’re fired…don’t sit on the fence, but play both sides of it…opportunity for 2,000,000% gain sounds impossible, but today the impossible is possible…and more…
So ask yourself this simple question: If you could potentially turn US$2,400 into US$50,000 (a 1,983% gain) in 10 years, would that be something you’d want to invest in?
How long until it is at parity with bitcoin? It’s hard to tell, but at the pace it’s moving now, it could be as soon as the end of the year.
Sure, that’s not a seven-million-percent increase…but clearly the alternative currency is starting to gain some clout.
It’s not often that a completely new asset class comes along. These could be once-in-a-lifetime investing opportunities.