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Diehards, however, are still crying “ hodl ” — the cryptocurrency community’s rallying cry, inspired by an enthusiastic misspelling of “hold” in a 2013 Reddit thread. Hodlers resist the temptation to sell off their digital assets just because the price is high and may potentially be in a bubble. Like the FCA said: highly speculative.
The bitcoin market cap was over $18.5 30, 2013, was $1,165.89, according to CoinDesk. Last month, the central bank and government of the United Arab Emirates had drawn up regulatory frameworks for FinTech and digital payments at large. At the time of writing, bitcoin’s price sat at $1,149 even, up 2.39
Bitcoin’s market cap is currently well over $20 billion as value rose well over $200 in the past two weeks. The prospect of a bitcoin ETF has investors betting big on digitalcurrency; SEC approval could be a major milestone in the journey toward bitcoin legitimacy. “If This is not a drill. percent from Wednesday’s “close.”
But Canada isn’t the only one this week eyeing an alternative digitalcurrency. Tokyo Wants A Piece Of The DigitalCurrency Pie, Too. The bank is reviewing its own digitalcurrency option that uses the same underlining technology. This event is expected to occur in roughly 23 days.
Of course, when the former commissioner, Bart Chilton, says bitcoin, he’s talking blockchain and all digitalcurrencies. So, why digitalcurrencies? Current CFTC Commissioner Chris Giancarlo recently (and rightly) called for such protection for digitalcurrency. Fair point. His comparison?
Every time bitcoin shoots above the $500 mark, the digitalcurrency world starts buzzing about why bitcoin is here to stay and why it’s going to shoot above the $600 mark soon. billion to its market cap, according to data from blockchain.info. And every time, bitcoin’s price dips back, and it gets denounced again.
So anyone who wants to use their bitcoins for legitimate transactions, from buying a beer to putting a down payment on a house, must convert it to a fiat currency that most everyone accepts for payment. billion at the time — or slightly more than 11 percent of its $14 billion market cap then.
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