It’s no coincidence that bitcoin flourishes when traditional fiat monetary systems flounder. If the US economy defaults, loses its credit rating and goes into recession, bitcoin’s price will soar.
When you research and operate in the cryptocurrency world, it’s hard to focus on anything else. We of course do — we also research and analyse small- and microcap stocks. And we uncover the biggest, most exciting technology investment stories in the world.
Litecoin (LTC) has jumped up 12% in today’s crypto trading as traders look to hedge their bets on bitcoins (BTC) SEGWIT implementation which is due any day now.
Cuban has no need to work. But he’s still actively investing, and owns various companies. His next venture? To grow his wealth in the world of cryptos.
What Monero did do, though, is beat out many of its crypto competitors. A sharp increase in the price over the last day has put the coin in the headlines.
Remember when a single bitcoin only cost around $2,000? That was in May this year. Now one bitcoin is worth more than US$4,000.
Bitcoin Cash [BCH], the alternative bitcoin version, surged from US$300 to almost US$1,000 from late last week. Found out why...
There are no falls in sight, though. If anything, demand might even be building! That’s because bitcoin is not a share. The closest analogy you can make is with the birth of the internet.
Funnily enough, it seems his employer feels the same way. The following day after Mr Foster’s comments, VanEck applied for a bitcoin-based exchange-traded fund (ETF).
Shares of DigitalX Ltd [ASX:DCC], the only bitcoin-related company on the ASX, gained more than 18% in morning trade today. Find out why