past 2,000. Since then, interest in Bitcoin in that nation has soared. Bitcoin prices are topping 2,000, more than doubling in value this year, as political instability in many parts of the world cause a spike in demand that some fans say could one day upend the world's banking system. Other Cryptocurrencies: Bitcoin 's offspring have enjoyed even bigger gains this year. The incident highlights the cryptocurrency's dual nature these days as an increasingly prized and accepted financial asset but one that still retains its outlaw allure.
Why bitcoin prices rising
He further stated, The state needs to know who at every moment of time stands on both sides of the financial chain. Securities and Exchange Commission in March. Although there still isnt a very clear stance by many countries, a number of nations are coming out in support of the cryptocurrency. That's less than the market cap of a single good-size S P 500 company like Ford's (. Bitcoin, eTF by Cameron and Tyler Winklevoss. "I also expect many countries to follow Japan's footsteps and recognize bitcoin as a legal payment method. Institutional investors: Brian Kelly, founder of Brian Kelly Capital, told cnbc earlier this month that he was seeing institutional investors "take a keen interest in the entire sector" of cryptocurrency.
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