Just A Short Time Ago, Bitcoin Prices were…
Not too long ago Bitcoin was worth almost $17,200, today its hovering around $7,600. Folks It was 6 months ago that Bitcoin was worth $10k more than it is today!
This post from the New York Times talks about how the price of crypto currency may have been influenced by talks of big business finally showing signs of accepting crypto currencies for payments.
Another reason that bitcoin prices are being affected is the rapid movement of investment companies into the crypto trading and investing markets. I myself have noticed just in the last 3 months that there are many new investment and trading opportunities for bitcoin . Ethereum Blockchain based opportunities are on the rise lately, I have noticed.
Bitcoin futures are being offered now too.
So why is it that today we have bitcoin prices that are mirroring the prices we had at the end of 2017?
Is it because of the lack of success that new tokens are seeing latley?
Is it becuase of the GDPR regulations that are going into effect in 2 days?
Is it because of how some payment processors have handled crypto currencies? Payza failed to make sure that they had the proper permits and licenses to convert crypto to the USD. PayPal has been cutting off home based businesses that have affiliate programs and are processing crypto payments, it seems. So could they be playing apart in the sudden drop in bitcoin prices lately?
Anyways….The story is below go ahead and check it out let me know what you think drives crypto currency prices.
Bitcoin’s Price Has Soared. What Comes Next?
The value of a single Bitcoin has risen 1,500 percent this year. Traditional financial institutions and a dose of irrationality are fueling the boom.