In the recent years, Bitcoin has seen a huge fluctuation in its market value. After hitting the $20,000 mark last December, it is again estimated to hit the price high again.
Bitcoin, being the most used cryptocurrency, has a huge effect on the market when the prices fluctuate to a considerable extent. It was at $6479 on 6th July, according to Coin Desk.
CEO of ADVFN, Clem Chambers stated in a talk with Express.co.uk at CryptoCompare MJAC Blockchain Summit, that Bitcoin can again jump up to reach a $20,000 price mark before dropping. He also said that crypto-currency is a look in the future business and that Bitcoin is going to be an important part of that future.
Clem Chambers said that it can also hit the mark of up to $100,000. He said,
“Because like us, we can make a coin, so there always the possibility for more currency to be generated. There is a shortage of money in the world, and cryptocurrency is filling that gap.
Bitcoin got boosted after Financial Times revealed that Switzerland could become the crypto capital of the world, with all its financial institutions getting access to crypto services. According to Swiss experts, the country can set a benchmark by giving access to banking sectors as well as investors and traders to crypto-companies, with full support from the central banks as well as the federal agencies.
As we get more certainty on bitcoins’ value, we will keep updating you!
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