Bitcoin continued its rise as last trading day on April, 13, and broke through $8000. Bitcoin value has been going up continuously recently, which makes the market of cryptocurrency alive again. The data showed that the turnover of Bitcoin achieved 10 billion dollars this week, while the average turnover per week was 5 billion dollars in the past.
Although Bitcoin is recovering, industry sources predict that Bitcoin price will go up continuously. The CEO of CoinShare, Danny Masters claimed that the market of cryptocurrency will recover, because more and more blockchain technique will be commercial, which increases the investors’ confidence.
In a few months, the price of Bitcoin declined by 65% compared with the end of 2017. Many factors lead to underselling, and the time for revenue is one of the reasons. Because the capital gains taxes of taxpayers are more than the predicted number, Bitcoin owners found that they have to sell more property to pay the taxes.
Although Bitcoin is recovering, industry sources predict that Bitcoin price will go up continuously. The CEO of CoinShare, Danny Masters claimed that the market of cryptocurrency will recover, because more and more blockchain technique will be commercial, which increases the investors’ confidence.
In a few months, the price of Bitcoin declined by 65% compared with the end of 2017. Many factors lead to underselling, and the time for revenue is one of the reasons. Because the capital gains taxes of taxpayers are more than the predicted number, Bitcoin owners found that they have to sell more property to pay the taxes.
All I can say is this just a clear message that bitcoin is not a hoax or scam that many people are stating. Clearly they are wrong with all their speculations that bitcoin will die off soon. And clearly this shows that contrary to what they are saying that bitcoin will continue to drop but instead the price increases and it has stayed in that price for weeks now. I believe that the price wilL continue to rise and will make people losing faith in it due to the naysayers to rekindle their belief. Also with the recent price posotive movement many new investors will join the cryptocurrency industy.