It feels like we usually hear about Bitcoin when a cost is presumably tanking or skyrocketing. And, given it’s now skyrocketing, let’s speak about Bitcoin!
As of writing, Bitcoin is hovering around $745 per coin. It has usually been value this most twice before – once on a approach adult to a tallness of the Christmas 2013 bubble, and once on a approach down.
But given trade during lows of around $230 one year ago, a cost has been slowly increasing until a few weeks ago, when it started going crazy.
So of march everybody wants to know why. But like any open market, there unequivocally is no approach to presumably know what is indeed pushing a cost up. But we can guess, so here are a few things that could be behind this cost spike.
Ever listened of a halving? Well if we follow Bitcoin and haven’t, get prepared for it to shortly browbeat a cryptocurrency news cycle. Let me explain. Bitcoin was designed as deflationary banking – there will ever usually be 21 million coins