Sunday, 10 July 2016

Why Bitcoin's Prices Could Even Go Higher

USD/BTC 2-Year Chart

Here's why Joseph Adinolfi from Marketwatch thinks the prices of Bitcoins could appreciate further:

- A quadrennial event called “the halving” has sharply reduced the number of new coins being created.

Currency traders are seemingly obsessed with trying to predict the Federal Reserve’s next move, meticulously analyzing every word of every official communique for clues about the future path of monetary policy.

There’s nothing like that in the world of bitcoin. Instead, the rate at which the bitcoin supply increases is preordained by a few lines of code. [Full Article]

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