Bitcoin in the News
With Bitcoin’s recent popularity in the news, many people are trying to buy into cryptocurrencies. Well known business magnates and entrepreneurs have been publicly endorsing or denouncing the world’s most popular cryptocurrency to manipulate the rather unregulated market space.
JP Morgan CEO James Dimon even publicly stated that Bitcoin was a “fraud“, before having his own company pursue ventures in blockchain technology, and even invest in a derivative of the coin itself. Entrepreneur and Investor Mark Cuban publicly deemed Bitcoin a bubble – yet recently participated in a few ICOs. Crypto gaining popularity to the point of being integrated into mainstream media.
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100,000 New Coinbase Users in the Last 48 Hours
As a rough measure of the hype surrounding cryptocurrencies, Coinbase has a rough counter on the website featuring a number of total signups, which updates daily. This number was at 10,400,000 users about 48 hours ago, and now it’s at 10,500,000. This marks a 100,000 user increase in the last 2 days. The hype around cryptocurrencies is building exponentially.
With another Bitcoin hard fork potentially around the corner, the market could get rocky, especially with hundreds of thousands of new fickle crypto investors.