Why does Bitcoin continue to grow rapidly? 280

Why does Bitcoin continue to grow rapidly?

Today many people have already start talking about Bitcoin in public transport, at home, etc. Two weeks ago, everyone discussed its decrease by 30%, but now no one remembers about it.

Despite all pessimistic forecasts, its price has reached its maximum historical mark of 10 000 US dollars and, considering the rapid development of this digital currency, it is definitely not going to stop at this point.

The phenomenal success of Bitcoin continues to confuse the investment community and the market itself. Day by day it is slowly, but confidently, reaching goals of its developers. Experts all around the world expect that bitcoin will be used as a payment and investment alternative, accessible literally to everyone.

What is the cause of growth?

The Bitcoin goes along a parabolic trajectory. For all 8 years of its existence, virtual currency № 1 has reached the milestones and can reach an incredible $ 110,000 for the price of the token, based on a personal analysis of the investor Parabolic Trav.

The world’s leading cryptocurrency is amazing with its performance and in some markets the price has reached more than $ 10,000, and in India the main exchange of Unocoin requests about $ 10,800 for each Bitcoin!

Thomas Glucksmann, Head of Marketing at the Gatecoin Ltd market, says: “Accelerating the growth of Bitcoins is a continuation of the long-term “bulls race ” of the crypto currency triggered by the tsunami of speculative trading on Japanese stock exchanges and the entry of institutional investors around the world to the market”

Bitcoin overcame the psychological mark of $ 10,000, which means that in the near future, the number of investors should sharply increase.

Bitcoin is among the top thirty largest currencies in the world

In November, Bitcoin entered the list of 30th best currencies in the world and, according to estimates in December 2016, has already surpassed the United Arab Emirates and Finland in terms of market capitalization. Its current market capitalization is 155 billion dollars and with such success can surpass Denmark and Ireland in the list.

 

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Cryptocurrency Prices: Insignificant Growth in the Currency Rating 50

Cryptocurrency Prices: Insignificant Growth in the Currency Rating

According to the trading portal Coinmarketcap.com, Bitcoin (BTC) rose by 0.46% in the last 24 hours. The price at the time of writing is $8315.

The indexes are growing, cryptocurrencies are in the green zone again, although the increase in the rating is no more than 8% of the cost. Ripple added 1.25%, Monero increased by 3.06%, Stellar added 1.32% to the value, EOS rose by 7.30%. Litecoin grew only by 0.43%.

Ethereum is showing an increase by 1.42%. Its value at the time of writing is $704 per coin.

The total market capitalization is $383 billion. Bitcoin accounts for 36.9% of the total amount. It is $141 billion in monetary terms.

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Organizers Used Fake Lamborghinis to Attract Attention to the Consensus 2018 117

Organizers Used Fake Lamborghinis to Attract Attention to the Consensus 2018

Organizers of the conference Consensus 2018 in New York held a kind of promo-action by parking a “Lamborghini” in front of the entrance to the building, where the event was held. The vehicle was provided by the company Broadway Supercars from New Jersey. This has been reported by the CNBC channel.

The point of this was to pass the cars off as the transport of Bitcoin and cryptocurrency investors. As a result of an independent investigation it also became known that the last two Lamborghini vehicles belong to the owner of the renting company, John Nouri.

“We do a lot of this for a lot of companies all the time. It’s an attention grabber. It’s for the people walking in. They all say once you make money in crypto, you buy a lambo. I never made money with crypto but I have ten lambos.” – Nouri said.

The edition notes that the rental price of one vehicle of the company Broadway Supercars is $1000 per day, while its total cost is from $200 thousand and more.

“I see a parallel between young people that are really willing to become very rich with the very high-risk investment, and … the fact that our customers are very young,” Lamborghini CEO Stefano Domenicali told CNBC in a recent interview.

Let us remind you that on Monday, the 14th of May, the Consensus 2018 blockchain conference started in New York. This event is currently the largest in the world. It is devoted to Bitcoin, other cryptocurrencies and blockchain technologies.

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