Without a worth of $100000 Bitcoin isn’t recognized as a legitimate currency – MarketWatch – Bitcoints

bitcoin

Published on September 16th, 2017 | by bitcoin

0

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












BTCUSD, -0.88%










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












DXY, -0.23%










Europe’s euro












EURUSD, +0.2265%










 or British pound












GBPUSD, +1.4480%










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












DJIA, +0.29%










the S&P 500 index












SPX, +0.18%










 and the Nasdaq Composite Index












COMP, +0.30%










 are all at their highest levels in history, while the 10-year Treasury note












TMUBMUSD10Y, +0.76%










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.
























More from MarketWatch

Source: News.google.com



Leave a Reply

Your email address will not be published. Required fields are marked *

Back to Top ↑