Over the years, Bitcoin has become more and more mainstream. This has definitely been a good thing for people who invested in the cryptocurrency. Another thing to note is that Bitcoin always finds a way to make headlines. Since the early days, people have been talking about it. Why? Well, Bitcoin is revolutionary. It has completely changed the industry and that is why it is talked about so frequently. Just recently, Bitcoin managed to make some big news. You’ll learn a great deal more about that in the guide below.
There is absolutely no doubt that a lot of people doubted Bitcoin. They did not believe that it would last. Others suspected that it would eventually bottom out and people would leave. This hasn’t happened. Instead, Bitcoin has managed to quiet the skeptics. In fact, Bitcoin has recently gone through a steady climb. The price is booming and that is a good thing for those who hold onto Bitcoin. Just this weekend, the price managed to peak above $11,000. That is very impressive. Why has the price gone up? A lot of people believe it has something to do with the new Libra cryptocurrency being released by Facebook.
Still, it should be noted that Libra and Bitcoin are not the same. They will not actually compete in the same market. Nevertheless, the price is rising and Bitcoin may not come down for some time to come.
Meanwhile, other Bitcoin investors are talking about the upcoming “halvening”. It is beginning to rock the industry. So, what is going to happen? Well, you should already know that mining for Bitcoin is a risky venture. It requires a lot of expensive equipment and you just never know how successful you’re going to be. With this in mind, you should know that things are going to get much worse for Bitcoin miners in the near future. In fact, it would be much safer to just play free online pokies games. That would at least give you a chance to win.
Bitcoin miners may soon lose that opportunity. It has been announced that the rewards given to Bitcoin miners will be cut in half. Right now, the rewards are 12.5. By May of 2020, that will be cut down to just 6.25 Bitcoins. That is going to make a big impact on the industry as a whole. Plus, it will make it tougher to mine for Bitcoin and that is partially responsible for the climbing price.
CEO Of Circle Speaks Out
While a lot of people are still skeptical about Bitcoin, there are others who are confident that it is going to continue to rise. This is where Circle CEO fits into the picture. Just this week, he made it clear that he thought Bitcoin and other cryptocurrencies would continue to grow in the future. Jeremy Allaire said that he did not believe things would turn into a “winner takes all” match. Instead, he believes that more and more people will begin using cryptos broadly in the future. He suggests that people and institutes will actually have their own financial accounts for cryptos in the future.
This will allow them to hold, send, and receive these currencies. There will be no need to settle for Bitcoin or another crypto. Instead, people will be utilizing them all. This is definitely a different take on the situation.
So, how much has Bitcoin grown over the years? How mainstream has it become during recent years? Well, you should know that there are at least 5,000 Bitcoin ATMs around the world. This is very impressive. Many years ago, people never thought a Bitcoin ATM would be successful. Well, it has been successful and it is going to remain that way for many years to come. Suffice to say, you shouldn’t be surprised to see more Bitcoin ATMs springing up in the near future.
Bitcoin and other cryptos are very interesting. Even if you do not invest in them, it is still fun to keep an eye on the news. These cryptos are growing rapidly and there is no sign of slowing down. It might be too late, but it still might be a good time to get involved. After all, it is better late than never at all.
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