Bitcoins Prices Explode in Value
Despite suffering a crash earlier this month that stooped Bitcoin’s price down to a minimal of $ 1,852 on July seventeenth, the lowest price that the crypto currency has ever experienced. A dramatic and unexpected rebound, rocketed its value to over $ 2,500 touching the $ 2,600 mark. Given the recent clash of ideas between computer whizzes on how to handle the crypto currency. Its latest recovery provided a sight of relief and reassurance for traders who feared a split of the digital currency into two different versions.
Its latest update that bridged gaps between bitcoin miners, has helped in its drastic recovery.
The view on the crypto currency’s surge has gained divided opinions among experts. While some have predicted that the rise of bitcoin would go on, others, such as Howard Marks, who predicted the financial crises and dotcom bubble implosion, remain cynical about its implications.
However Bitcoin remains to stay volatile and unpredictable in the coming weeks.