Experts do not stint on forecasts about bitcoin, the world's most popular cryptocurrency. Some predict it will soon collapse, calling it a bubble, while others forecast amazing growth prospects for it. However, after the price of bitcoin has smashed through $5,000 recently, some economists' recommendations are worth listening to. It is possible that bitcoin price could skyrocket to $6,000 and even higher. Let's consider some factors that could contribute to this scenario.
Bitcoin seeing unprecedented surge in interest
Digital assets that compose the global cryptocurrency ecosystem have very well progressed in terms of carving out their own individual niches. Initial coin offerings (ICOs) are taking place all over the world. Vast amounts of money are being spent on cryptocurrencies. Bitcoin have not lost interest in it even on the back of the Chinese government clamping down on virtual currency activity.
Safe-haven asset
According to experts, the financial crisis will not ruin the most popular cryptocurrency. Bitcoin is considered a safe-haven asset, not affected by traditional market factors.
Wall Street embracing bitcoin
Big Wall Street firms have embraced bitcoin. However, there are also some that are not cryptocurrency fans. Still, they are about to become a minority.
Bitcoin Gold being rolled out
The bitcoin blockchain is set to hard fork and create a new cryptocurrency called Bitcoin Gold (BTG) by late October – early November. Existing private keys holding a Bitcoin balance at that time will be credited with the same amount of Bitcoin Gold.
CEOWORLD Magazine, one of the world's premier business publications, has released its latest ranking of the most influential women in international business. Let's take a look at the top five
There are over 250,000 species of flowers in the world. Some of them belong to rare species of flora and are a true treasure for biologists. Let's take a look at these extraordinary representatives of the plant world and fully appreciate their unique beauty.
Although US President Donald Trump insists it is too early to discuss a successor within the Republican Party, behind-the-scenes maneuvering has already begun. Politicians deliver messages, test the waters, and closely monitor public sentiment. The participants in a new race are becoming increasingly visible, despite the lack of official announcements. Let's take a look at who might lead the Republican Party in the 2028 election.
