2 Theories Pointing To The Rise in Bitcoin Price,Bitcoin Heading to 10k ..? Coinsecure's 438 Bitcoin Theft!...
In a turn of events,Bitcoin rose yesterday by over 900 usd in only 30 min!
The rise is good news to all the crypto wrold after a very bad start to the year.
This last 4 months have been really tough for crypto newbies who are still learning the waters of the game and this spike put sin more confidence in the newbies hehehe.
At the time of this writing the prices were over 8100$
These are the theories to the rise in Bitcoin price .
1. Big Institutional investors are Getting into crypto
There has been news all over the media from last week that George Soros and even the Rockefeller family are getting into crypto.It so happens that in January of this,George Soros called Bitcoin a Bubble!
It seems such big folks always say this bubble things so that prices tank and then they get in!
You can read this article here of Soros calling Bitcoin a bubble.
As i stated above,Soros and other big guys are getting into crypto hence may be the price spike!
If you missed this great news for the crypto world,then read it here
2.It's because of Tax Day issues
I have just read an article which might point to the spike in price,tax day is approaching in the US ie 17/04/208.The theory states that people wanted to liquidate their bitcoin assets before the April 17 deadline!
The tax day theory goes like this: people needed to liquidate their bitcoin assets before the deadline in order to have enough dollars to pay their taxes; most have done this now, so goodbye sell-off.
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Thanks @Jaraumoses for the update me as a newbie who missed the Dec- jan increase it is really a big deal
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