“Bitcoin rallied 10 percent on Wednesday to more than $4,100, putting it on course for its biggest daily rise since mid-April as it pulled itself out of a recent slump. The world’s biggest and best-known cryptocurrency hit a daily high of $4,157, its strongest in four days on the Bitstamp exchange.”
“Bitcoin has climbed back over the psychological $4,000 mark after falling as low as $3,600 last week amid a rout that has wiped billions from the market capitalizations of the world’s biggest cryptocurrencies—despite the head of the U.S. Securities and Exchange Commission (SEC) warning a much-anticipated bitcoin exchange-traded fund is “unlikely” any time soon.”
-Billy Bambrough, Forbes.
“Billionaire venture capitalist Tim Draper is one who remains bullish about the future of bitcoin and cryptocurrencies. Mr Draper recently repeated his belief that bitcoin will eventually hit a $250,000 (£195,787) by 2022. And he also predicts the global economy will eventually pivot to crypto, potentially making up two-thirds of the world’s currency value. Mr Draper said: ‘Down the road, when we can easily spend, or invest, or do whatever we want with cryptocurrencies – they are frictionless, they cost you less. … bitcoin is the way forward.’”
-Tom Fish, Express UK.