The founder of crypto-trading platform Apifiny breaks down why bitcoin is set to 'easily' rally back to $60,000 by the end of the year — and could eventually hit $100,000
posting a job opening for a crypto expert, creating speculation that the company could one day accept the cryptocurrency as payment.
"I think people don't realize that when bitcoin dips below a certain support, institutions actually think differently than everyone else," Xu said."They usually are trying to look for the right entry points — $29,000 was definitely a good interest point, and a lot of institutions definitely took on bitcoin during that time onto their balance sheet because it was really cheap. You'll see people announcing that in the coming weeks.
"US dollar, all the fiats, they move through a centralized claim settlement system. You want to wire US dollars to someone domestically, it goes through Fedwire…that takes at least a day," Xu said."With bitcoin, no matter how much money you're sending, whether that's $100 of bitcoin or $1 million of bitcoin, that only takes about 10 minutes. Bitcoin as a currency clears and settles on the blockchain.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
What to Wear to Work: Chic Office Fashion from $25 to $60Here's what to wear to work and you don't have to spend a lot of cash! We found office fashion from $25 to $60! over40 weartowork officestyle gap hm asos_us
Leer más »
Your Weekly Tarot Card Reading Is Telling You to Keep GoingOur resident tarot expert Kerry Ward breaks down what’s in the cards for you this week.
Leer más »
Amazon denies report of accepting bitcoin as paymentAmazon.com Inc (AMZN.O) on Monday denied a media report saying the e-commerce giant was looking to accept bitcoin payments by the end of the year.
Leer más »
Bitcoin rallies, tops key technical level for first time since early MayThe price of bitcoin rallied over the weekend, trading above its 50-day moving average for the first time since early May.
Leer más »
How to navigate rental car shortages, rising gas prices on your next tripIf you're planning on hitting the road this summer, here's what experts say you can do to avoid any potential speed bumps:
Leer más »
Wayne Rooney looks 'subdued' at work after hotel pics, says body language guruEXCLUSIVE: Former footballer Wayne Rooney was pictured back at training with Derby County for the first time since photos of him in a hotel with two women were shared on social media. Body language expert Judi James has now decoded Wayne's stance and claimed he looks unusually 'subdued' during practice
Leer más »