Published on September 16th, 2017 | by bitcoin0
Without a worth of $100000 Bitcoin isn’t recognized as a legitimate currency – MarketWatch
Read: Why bitcoin may be worth only a third of its value Some market participants, however, make the case that despite its roughly 260% year-to-date rise
it has to clear a far more stratospheric value hurdle to evolve into a practical form of money alongside fiat units like the U.S. dollar
or British pound
Also read: Bitcoin faithful rage against Jamie Dimon A single bitcoin was worth about $3,568 in recent trade, off lows of the past few days, according to data site Coindesk.com, amid regulatory headwinds in China and critical comments from Wall Street pros like J.P. Morgan Chase & Co.’s CEO Jamie Dimon.
To understand why is to understand the tiniest component of bitcoin—the Satoshi.
Against the backdrop of easy-money policies, the Dow Jones Industrial Average
the S&P 500 index
and the Nasdaq Composite Index
are all at their highest levels in history, while the 10-year Treasury note
with prices moving inversely to yields, seeing yields near historic lows.
Because bitcoin is decentralized from central banks or governments, individuals can conduct transactions without an intermediary.
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