RATE Group | Let’s clear the air on bitcoin and blockchain
67631
post-template-default,single,single-post,postid-67631,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Let’s clear the air on bitcoin and blockchain

05 Nov Let’s clear the air on bitcoin and blockchain

Posted at 14:53h in Cryptocurrency News by

[ad_1]

Bitcoin’s recent price surge after a five-month low is just the latest reminder that when an investor includes digital currencies in their portfolio, they sign on for whiplash-inducing schizophrenia.

Most analysts attribute bitcoin’s 15% price hike in October to news that China may ease its strict cryptocurrency and blockchain policies first enacted in 2017. Right on cue, financial pundits reacted with sunny forecasts ahead for bitcoin and many other popular cryptocurrencies.

Yet only a month earlier, investors were greeted with much more circumspect analysis, questioning whether bitcoin was “dead.” For the record, this marked nearly the 400th time a bitcoin obituary has been published in almost a decade.

All the zigging and zagging news — despite BTC’s slow and steady 10-year climb — says a lot more about the overall anxiety and confusion that continues to surround cryptocurrencies than it does about any coin’s sustainability.

Granted, it is easy to…

[ad_2]

Source link

Tags:
, , , ,