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Bitcoin To Reach $1 Million According To John McAfee

The promoter of crypto John McAfee is still positive in the strength of globes top leading cryptocurrency, Bitcoin. He thinks that the coin deserves to be crowned as the number one virtual asset in the crypto space. John McAfee is a member of the CoinsBank Blockchain Cruise and when speaking to AMBCrypto, he said that Bitcoin is the only leader in its ecosystem. However, he did argue with those who claim about the coins nature as a P2P digital cash protocol. As one of the most famous names in the crypto world, McAfee has a big influence on traders and...

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Why Bitcoin (BTC) Might Benefit From Extended US China Trade War

Chart for BTC/USD (1W) Bitcoin (BTC) might be the single biggest winner of the US China trade war that has left investors completely perplexed. The stock market is completely clueless as to what Trump might to next to escalate the trade war. This has created a serious trust deficit as far as stock marketing investing is concerned. Prospects for interest rate hikes at this point look promising so investors did not mind pulling capital out of the stock market to put it back in their bank accounts. However, if Trump continues on the same path and the US China trade...

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Bitcoin (BTC): Fear Of A Global Currency Crisis Has Seen Accumulation On Rise Despite Recent Correction

It does seem like investors have been losing interest in Bitcoin (BTC). The search volume for Bitcoin (BTC) and cryptocurrencies have been on a constant decline since the beginning of the correction. This has convinced many in the crypto community that investors have lost interest for now and that it will probably take a long time for money to return back to the market. All of this sounds reasonable when you consider how the average mainstream investor would react. However, let us not forget that a lot of major players including institutional investors are now getting into the game, and...

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Bitcoin’s Peer To Peer Trade Volume Hits A New Low

In the first week of September, we saw Localbitcoins witnessing the lowest global peer-to-peer trade volume on record for Bitcoin. Data from Coin.dance suggests that the presence of only six markets appears to represent the pervasion of lowered trading activity with most of the Localbitcoin markets. Localbitcoins are on a peer-to-peer Bitcoin exchange in which customers can buy and sell Bitcoin. Investors usually make advertisements with the payment method they offer and the price. With over 50 different ways to pay, traders can buy and sell Bitcoin through this means. The recent drop in Bitcoin investment has become a widespread...

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Stablecoins Not The Solution For Bitcoins Issues

The launch of stablecoins is viewed as a palliative measure to decrease the impact of the recent crisis with Bitcoin, some have even described it as ETFs replacement for a short time. However, Barry Eichengreen, a professor of Economics UC Berkeley has said that stablecoins are not the way to fix the problem. Despite digital currencies being backed by another currency, the US dollar, or anything that has value (even gold), they are used for everyday transactions due to their worldwide usability, low volatility and that Stablecoins aren’t owned by a central bank. However, Eichengreen placed Stablecoins into three separate...

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