Bitcoin continues to fascinate investors and new industries. One Miami condo seller is only accepting Bitcoin offers, while online real estate brokers say several other listings are willing to accept bitcoin as a payment option.
With XRP hitting a high of $3.84 on Thursday, Larsen's holdings are worth about $59.9 billion
When businesses like Coupal’s started accepting bitcoin, advocates predicted it would eventually replace money. In 2017 bitcoin’s value rose from about $1,000 to as much as $19,000, often with swings of thousands of dollars a day.
Bitcoin is already up 500 percent since recommended it in the beginning of July. "I don't know how much gold there is in the ground, but I know how much bitcoin there is, and in two years there will be 300 million people in the world trying to get their hands on a few million bitcoin."
Over the week that ended Tuesday, as bitcoin mania was spiking, Coinbase saw 700,000 first-time installs.
Bitcoin is already up 500 percent since recommended it in the beginning of July. "I don't know how much gold there is in the ground, but I know how much bitcoin there is, and in two years there will be 300 million people in the world trying to get their hands on a few million bitcoin."
If you took a chance on bitcoin early on, just a few years ago, your investment could have paid off in a big way. As bitcoin has gone more mainstream, some of the biggest names in finance are weighing in.
Wondering what Bitcoin is and how you can buy it? Read this.
In fact, while gold has fallen more than 2 percent in the past month, bitcoin has actually more than doubled its value in that time, according to Coinbase.There could be even more downside for gold, given the rapid growth of cryptocurrencies, bitcoin and otherwise.
Bitcoin's price could exceed $100,000 before the end of 2018, a cryptocurrency trader told CNBC.
There was no major upside move in bitcoin gold price this past week above $300 against the US Dollar. The price mostly struggled to move higher and started a downtrend from the $340 swing high.
As of press time, roughly five hours later, the price of Bitcoin has risen to $16,800 on Gemini. Futures expiring in January 2018 are trading at $18,500, a $3,500 rise.
The initial price of bitcoin, set in 2010, was less than 1 cent. Now it’s crossed $16,000.
CME Group, the world’s largest futures exchange, has announced that it has self-certified the initial listing of its Bitcoin futures contract. Bitcoin futures contracts to be offered by CME Group Inc. and Cboe Futures Exchange to mainstream investors.
https://bitcoinmagazine.com/articles/regulators-greenlight-bitcoin-futures/
As the state works on legislation, Moiseev stressed that buying and selling Bitcoin and other cryptocurrencies would be legalized.Just how long it will take for this new legislation to take effect is a matter of time, but it could be a few months at the least.