For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Bitcoin More Than Doubles In Price This Year; Investors Caution Needed

|

While enthusiasts in cryptocurrency are again gaining interest in the token, nonetheless investors' cautiousness is called for even as the currency has hit a 10-month high on Tuesday.

In the previous report, the ongoing Conferences around crypto are sited as one reason for the surge, the true picture is not known in correctness.

Bitcoin Doubles In Price; Investors Caution Needed
 

And the current rift between the US and China, can also not be another compelling reason for investors' heightened interest and it shall be too early to coin such digital currencies as safe haven similar to gold.

At 16:12 GMT on Tuesday it was up 0.8% at 7,874. And of the various views held on the currency, one of the analysts suggest, "I view bitcoin as a high-risk, high-growth asset - a bet on emerging technology."

Also, the previous prospect of it being used as a mainstream payment mode has been given away with previously.

Nonetheless, while we do not know any clear theory of the high orderly price swings, the market of cryptocurrencies is highly speculative.

GoodReturns.in

Read more about: bitcoin cryptocurrency
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more