The Secret Behind Bitcoin Price Rise

in #bitcoin • 7 years ago

bitcoin.jpg

Bitcoin is nearing a record price high of $5,000. 3 reasons have been attributed to this.

  1. High demand in China.
    There have increase in demand in Bitcoin especially in the Chinese market and this has reflected in increase in traffic in BTC-China, the largest bitcoin exchanger

  2. Wider acceptance
    Apart from being a means of trade and exchange online, a lot of businesses have come to accept Bitcoin as the means of transaction.

  3. Silk Road 2.
    The launch of silk road has further raised demand for bitcoin, since you need to have the currency inorder to make purchase on silk road.

7 years ago in #bitcoin by
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     7 years ago 

    Warning! This user is on my black list, likely as a known plagiarist, spammer or ID thief. Please be cautious with this post!
    To get off this list, please chat with us in the #steemitabuse-appeals channel in steemit.chat.

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       7 years ago 

      no one knows when this will happen

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