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Jim Armitage Believes That Bitcoin Is A Bubble

Sponsored by Jim Armitage has spoken about his views regarding Bitcoin. Whilst he believes that the blockchain technology that Bitcoin is based on is strong and robust, he does not believe that it is worth its current value at all. It is the fundamental blockchain technology that he believes has kept Bitcoin alive, despite the many years of criticism by regulators, governments and the media. He does not believe that Bitcoin, and other similar cryptocurrencies will replace the dollar, or sterling, he believes that they will become common global substitutes for cash transactions, all thanks to the strong technology that...

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People Are Taking Out Mortgages To Buy Bitcoins

Sponsored By Given the recent surge in price, there are probably a lot of people who are regretting not buying Bitcoins when they were cheap. Let’s face it though, you would have been taking a massive gamble, as very little was known about the cryptocurrency world. Despite the odds though, Bitcoin is still going strong, and has been priced close to $20,000. There are still sceptics though, and many people believe that Bitcoin has reached its peak, and that it is not worth buying them now. This is not the same for everyone though, and some believe that the price...

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US Financial Experts Warning About Bitcoin

Sponsored By Early this week, top US financial regulators have had their say on trading cryptocurrencies, and have warned investors of the risks surrounding them. They use Bitcoins latest price surge as an example of the volatility that surrounds them. Jay Clayton, chairman of the Securities and Exchange Commission, was keeping a close eye on ICO’s, a move that was then followed by a warning from J. Christopher Giancarlo, who is head of the Commodity Futures Trading Commission, who stated that the agency would not be able to protect investors in a lot of cryptocurrency trading venues. Regulators are becoming...

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These People Can Decide The Future Of Your Bitcoins

It is no secret now that Bitcoin had a huge surge in price last week. This news has split the experts, with some investors being left really excited about the news, and others feeling incredibly nervous and unsure what this means for the future of Bitcoins. According to a report in Bloomberg Businessweek, about 1,000 people own about forty percent of the world’s total Bitcoin, which equals out to approximately $105.6million per person. This obviously does not represent the average investor, but what is worrying is that these 1,000 people can significantly influence and decide the future of the average...

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Dollar’s troubled friendship with blockchain

Some may remember that earlier this year, Iran signed an agreement with Russia under which it has broken free from the petrodollar, whereby it would “sell” or more precisely barter crude oil to Russia in exchange for products. The headline is indeed worth paying attention to, after all commodity transactions are settled using dollars and certain countries have long voiced their opinion that the reliance on dollars needs to be reduced. However, could this move set the precedence for others to follow and therefore set the motion to demote the dollar from its long-held throne? One of the main issues...

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