Bitcoin already above $8,000

Posted 14 May, 2019

Bitcoin continues to recover on May 14, once again updated the price record for 2019. For now, the course has already overcome the $8,200-mark and changes hands  at $8,277 with the clear intention to reach $8,300.

Meanwhile, widely known in the community Thomas Lee, the Head of Research at Fundstrat Global Advisors, decided to ask the users at what stage sceptics who gloated in connection with the fall of cryptocurrency rates would massively change their minds. Before he closed the Twitter vote this weekend, it has collected about 8,000 records. Most of the voting participants believe that Bitcoin will once again force sceptics to review their position once the price exceeds 10,000.

Recently, Tom Lee shared analytical data that Bitcoin usually generates its profit only for some 10 days a year. In other words, every year real money with the help of bitcoins can be earned only within a very short time - a trend that has been observed in the Fundstrat since 2013.

In addition, an analyst from the Wall Street noted the global introduction of cryptocurrency in the economies of some countries (despite the fact that this has not happened in the USA yet): the devaluation of national currencies in Venezuela and Turkey significantly increased the use of cryptocurrencies among the population.

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14 May, 2019 16:58

← BitMEX study: benefits of IEO doubtful

BitMEX has carried out a study in which it challenged the obvious advantages of IEO (Initial Exchange Offer) over ICO (Initial Token Placement) as a method of attracting investment.

BitMEX study: benefits of IEO doubtful

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14 May, 2019 11:55

Message by Donald Trump supports Chinese and Australian currencies →

Chinese yuan and Australian dollar have posted gains on Tuesday enjoying a boost from the recent message made by the US President Donald Trump saying the talks with China to be highly positive. The US Dollar index was recorded at 97.125, while the Monday level was at 97.320. 

Message by Donald Trump supports Chinese and Australian currencies
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