Investors are constantly looking for serious assets in which to invest. Bitcoin is fast becoming a serious asset which further boosts Bitcoin future.
Bitcoin future depends on perception of it as serious asset
During 2016, Bitcoin constantly gained ground against other assets, It more than doubled in value and outstripped gold as a prime investment asset.
Initially, most serious investors considered Bitcoin to be a weak upstart, lacking substance. Dismissed by many, investors are now beginning to accept Bitcoin could replace gold as a primary investment asset. Part of the problem has been the existence of Bitcoin as a virtual asset residing on the internet. Acceptance takes time and dismissive attitudes are now being displaced by reality. Coupled with that predictions for Bitcoin during 2017 are quite astounding.
The days of hacking are not over but Bitcoin cyber crime is becoming the preferred option for many large scale hacking operations
Bitcoin cyber crime is taking an interesting twist
Bitcoin cyber crime is something which you might think involves hacking computers for the gain of Bitcoin. Well it is but not on the way you might expect.
UK Banks are considering storing Bitcoin as a means to pay hackers off and stop them from executing extortion threats on their critical IT systems. Cybercrime has now moved into a different phase as the banks and other large organisations become all too aware of how vulnerable they are to hacking.
A very bold Bitcoin prediction for 2017 has been made by Saxo Bank, a Danish Investment Bank specializing in online trading and investment.
Saxo Bank is a Danish investment bank specializing in online investments. It was founded as a brokerage firm in 1992, under the name Midas Fondsmæglerselskab. They bring together investment offers across online trading assets on a global basis.
A report from Saxo Bank claims Bitcoin could triple in value this year. The Bitcoin is currently trading at just below 1000 dollars having broken the $1000 barrier just before new year 2017.
Today, as trading began the bitcoin hit the 1000 dollar market the thousand dollar plus bitcoin has arrived. A long expected event. In fact as trading continued it rose to almost 1017 dollars before dipping and then rising again to 1013. this was the first time the bitcoin hit this level for three years. Can the thousand dollar plus bitcoin sustain itself at this level? Many predict that it will.
Bitcoin virtual currency has been given a boost this year because currency turmoil in India and Venezuela.
Bitcoin Virtual Currency boosted by currency controls in India and Venezuela
The recent surge in the value of the Bitcoin virtual currency has been attributed to monetary policy in India and Venezuela. During the past six months the value of a Bitcoin has doubled and it is predicted to rise to the 1000 dollar mark early in the new year.
Bitcoin popularity has increased due to the economic woes of some of the largest economies in the world. This has been a wake up call for many sceptics.
The increase in popularity of Bitcoin during 2016 has surprised currency traders all over the world. Bitcoin has emerged as the number one virtual currency for many good reasons. It was the first virtual currency and it evolved from some incredible foresight, it was set up by mathematicians to operate with a high level of security.
Bitcoin value has doubled over the past year making it the strongest currency in the world. Why have Bitcoin prices rocketed so much?
Bitcoin Value hits $14 billion Dollars
December has seen a massive rise in the value of the Bitcoin, today it was trading at $900 dollars as against $735 dollars at the beginning of the month. At the start of 2016 Bitcoin value was just $435 dollars. See live Bitcoin prices against all the major currencies.
Why Bitcoin? It is a massive success story with unprecedented growth, Bitcoin could pave the way for a cashless society in not so many years.
Bitcoin originated from a technology base rather from a banking system, that is why it is uniquely different. Bitcoin caused one of the biggest shocks in the financial markets when it was released in 2009. It was the first currency not to be regulated by any government, organisation or any single entity. It is a virtual currency.
Bitcoin value has risen dramatically in recent months and it may be a good time to be considering making a Bitcoin investment now.
Bitcoin Investment Opportunity
Bitcoin maybe not be what you think. It is a virtual currency sometimes also described as a cryptocurrency. It does not exist in a physical sense like a coin or a note, it only exists on on computers and the internet. Hundreds of computers around the world operate to form the digital currency chain known as Bitcoin. That chain involves using some very secure software to solve mathematical problems. Trading in Bitcoins relies on mathematical proof.
To date, digital currency has mostly been associated with Bitcoin. Now the introduction of Bitcoin ATMs to land based casinos offers customers a new currency exchange option.
Bitcoin ATMs in Casinos
Coin Cloud are a firm specialising in the provision of Bitcoin ATMs. This week they announced they would be installing two new Bitcoin ATMs in Las Vegas casinos. They have already installed Bitcoin ATMs in the downtown area of Vegas as well as on the strip. The new machines are to be installed in the Plaza Casino and the Lucky Dragon Hotel and Casino. As the name would suggest, the Lucky Dragon Casino is very popular with Asian clients.