Bitcoin’s steady price has fuelled a steady growth of blockchain based industries in 2016. Many speculate that low price volatility represents a calm before the storm while others think that it is time for consolidation.
Traders see price stability as a curse but history teaches us that a stable currency is vital for growth.
Regional Interest
Where the west sees Bitcoin as a speculative digital asset, the east sees opportunity. Digital currencies are seen in a different light in different geopolitical regions. The main reason behind this is because the application and use case changes based on where you are.
In established western economies such as the US and UK, Bitcoin is seen as a tool for experimentation and speculation. It is used as an on ramp to understand the space and a core piece of infrastructure from which to build and test blockchain based innovations from. Emerging African and Asian economies view Bitcoin as a powerful tool for cross border payments. A way to pay workers, and a way to remit money without the tax on poverty that traditional payment mechanisms (such as Western Union) impose.
https://magnr.com/blog/newsletter/bitcoin-price-steady/
Topic: [2016-04-20] Bitcoin holds a steady price – Magnr Spring 2016 Update (Read 283 times)
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