Cryptobond, LLCBitcoin (BTC), the popular crptocurrency is garnering widespread attention and is turning out to be bigger than anticipated. The value of cryptocurrency (BTC/USD) crossed the $8,000 mark past week and this has definitely attracted many eyes towards it. The surge of Bitcoin comes after three slumps up to 25% and this has surprised many. Bitcoin is gaining recognition slowly and steadily over the course of past few years and it is now looked upon as the potential valuable for trading.
Many have now come forward to set aside the technological issues and pay some actual attention and interest towards it. The Wall Street feels that it is too big to avoid Bitcoin and that it is set to increase in value in the coming years. There are widespread predictions from financial analysts that Bitcoin would see even further surge by the end of the year and it would create a new era in the world of digital wealth. People have already started buying Bitcoin as a form of digital asset.
Having said that, Bitcoin has been a volatile form of digital currency and the value keeps going up and down quite frequently. The reason for this is that many are shifting to other forms of digital currency including Bitcoin Cash (BCH) which works at quick space and the transaction costs are low. Overall, Bitcoin is something that is to be watched closely.
Mohith Agadi
Editor
