Charts: Bitcoin doubles in LESS than a MONTH! – Bitcoin surges to $40 000
(:E-:N-:R-AZ:C-30:V)
[Well there you have it, Alex Linder has been telling us about Crypto and Bitcoin! Look at this! Wow! Jan]Bitcoin surged to $40,000 for the first time, doubling in value in less than a month and pushing the total market value of cryptocurrencies beyond $1 trillion.
Cryptocurrencies hit the milestone after a fivefold climb in market value in the past year, data from tracker CoinGecko shows. Strategists have cited demand from speculative retail traders, trend-following quant funds, the rich and even institutional investors as among the reasons for the surge.
INSIDERGOLD
Subscribe for full access to all our share and unit trust data tools, our award-winning articles, and support quality journalism in the process.
Click here for more information.
Bitcoin rose as much as 11% on Thursday to $40,065 and has more than quadrupled in the past year, according to a composite of prices compiled by Bloomberg. It accounts for about two-thirds of cryptocurrency market value, followed by Ether at about 13%, according to CoinGecko data.
“Bitcoin continues to defy all expectations, and doubters,” said Antoni Trenchev, co-founder and managing partner of Nexo, a crypto lender. “It’s leaving all other assets trailing in its wake, like it’s done year in, year out for the past decade.”
Coinbase Inc., the largest U.S. digital exchange, said it’s experiencing “connectivity issues” on both the website and mobile app for a second day.
Digital coins are jumping in a world awash with fiscal and monetary stimulus, even as some commentators fear an inevitable bust and others question the basic integrity of crypto markets. Proponents of Bitcoin argue it offers a hedge against dollar weakness and the risk of faster inflation, a bit like gold, while critics decry the intellectual soundness of comparing the two assets.
“The more that people perceive that their assets, particularly their liquid assets such as fiat currencies are eroding in value, the more they will look for alternatives,” said Geoffrey Morphy, president of Canadian crypto mining company Bitfarms Ltd.
Active Bitcoin accounts are nearing their all-time high levels of late 2017, according to researcher Flipside Crypto — possibly a sign that some holders are planning to sell. Fewer than 2% of accounts hold 95% of Bitcoin supply, so a few big trades can impact prices. The last big Bitcoin boom began imploding in late 2017.
Some traders pointed to JPMorgan Chase & Co.’s long-term Bitcoin price forecast of $146,000 as possibly fueling the rally. Others said sentiment was boosted by a U.S. regulatory update that allows a class of less volatile coins to be used by banks for payments.
Source: https://www.moneyweb.co.za/moneyweb-crypto/bitcoin/bitcoin-surges-to-40-000/
Person lies from 2006: Zimbabwe: Only 200 Farmers paid of 4,000 Rest paid in 2010? Oh Yeah?
I posted this in 2006. The People had stolen 4,000 farms out of the 5,000 that were there. They lied about paying the Farmers. You can read my skepticism and the news from 2006.
S.Africa: Survey: Its not unusual for married Person men to have sex with other men
In much of Africa sex with men is despised. But in S.Africa it‘s not. FORGET about the other woman a fair number of married men in South Africa are getting their kicks in secret with other men.
Afrikaanse Boeke op AfricanCrisis
Hier is ‘n paar boeke wat jy nie in gewone liberale winkels sal kry nie!
