Bitcoin was in trouble in last few weeks and people were expecting it to be burst now due to the lowest value and crackdowns one after another against cryptocurrency. Bitcoin was the target of most of the nations to save their country from illegal activities like money laundering, weapons purchasing, and others.
Despite all the allegations and regulations now bitcoin has awake from the long sleep. In last 24 hours, bitcoin has recovered 70% of its value which is such a great news for the people who are sticking to the bitcoin after all the hard times.
A cryptocurrency expert said that bitcoin is going to be four times stronger than it is now in few months. According to the market, predictions bitcoin has shown it’s potential in last 24 hours and it has given birth to a hope of digital trading one more time.
US regulators said that bitcoin should not be seen as an actual money but as a raw material what you can buy and sell with the profit.
Winklevoss termed bitcoin as a “Gold 2.0”. He further said that bitcoin is going to reach $7 Trillion on the basis of adoption and appreciation.
Winklewoss further explained the market capital of gold and bitcoin. The market capital of bitcoin is $7 Trillion and market capital of bitcoin is about $100 to $200 Billion. The London block exchange also said that at the end of 2018, British millionaires are going to invest in cryptocurrency which will boost the value of bitcoin.
The reason behind the rise in bitcoin’s value is how youngsters are getting attracted towards it and they are finding it charming as well as profitable. After the increment in value in just 24 hours bitcoin seems to be back in action and hopefully, it’s gonna grow from this point.