RATE Group | BTC/USD Technically Bearish and Yes, You Can’t Settle using Bitcoin in China
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BTC/USD Technically Bearish and Yes, You Can’t Settle using Bitcoin in China

12 Nov BTC/USD Technically Bearish and Yes, You Can’t Settle using Bitcoin in China

Posted at 14:25h in Bitcoin News by

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$250K a Possibility

Tim Draper is known for making outrageous comments. But he is adamant that BTC will someday hit $250,000. With less than two months to go, it will be a fairly tale end year if prices surge to half that valuation.  Needless to say, it is possible—remember, for Bitcoin to test those levels then digital assets must command less than 10 percent of the world financial markets, it will take years before BTC is widely used to make micro-payments as paying for coffee.

while ideal, there are many impediment as low throughput and others. It is simply not a priority considering everything that is happening. However, there are frameworks and step by step guidance that could spur adoption. First, many reckon, Bitcoin enthusiast should drive towards mass education. The second phase will be about building robust infrastructure while…

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