Apr 27, · Bitcoin will explode because there is simply not much of it and it will explode because you can buy it, secure it, take it with you, turn it back into money and actually spend it natively at the Author: Clem Chambers. Dec 21, · The bitcoin frenzy continues. After my post “Ride the bitcoin wave with these 11 cryptocurrency-related stocks,” I continue to receive requests for more bitcoin BTCUSD, +% and bitcoin. Oct 14, · Stock markets and bitcoin pumps higher on the news of the second successful covid vaccine. There could be more chances for the new stimulus. Means more inflation, more debt and simultaneously pumps stocks, gold and bitcoin.
Stock market affected by bitcoin3 Ways Coronavirus May Have Affected Bitcoin
Chinese authorities have already begun shutting down crypto miners to contain the spread. Top announced on Weibo that police had forced the mining firm into closure :. I have a mine in a remote suburb. The police came to force all the mining authorities and said that they would not resume work.
The loss of mining firms presents the crypto community with a double-edged sword. On one side, bitcoin mining centralization could be reduced, further supporting industry ideals. On the other, network health could be negatively affected due to a lack of miners.
Bitcoin may become easier to mine as a result of this sluggish growth, which would allow retail miners—who are otherwise priced out—a slice of the action. Disclaimer: The opinions expressed in this article do not necessarily reflect the views of CCN.
Sam Bourgi edited this article for CCN. If you see a breach of our Code of Ethics or find a factual, spelling, or grammar error, please contact us. Bitcoin is an inherently risk-on asset. Despite almost 1. But if the U. For all the candlestick charts and lines the technicians produce, none of it will matter. Like it or not, Bitcoin prices and the world economy are joined at the hip. On the date of publication, Tom Yeung did not have either directly or indirectly any positions in the securities mentioned in this article.
Tom Yeung, CFA, is a registered investment advisor on a mission to bring simplicity to the world of investing. Log in. Log out. About Us Our Analysts. Source: Shutterstock. Sponsored Headlines. If you decide to invest in the Bitcoin stock market or other cryptocurrencies , this potential for new regulation is something to keep in mind. With regulations comes more scrutiny into how Bitcoin and other cryptocurrencies operate.
As new cryptos hit the market they often use ICOs to do it. An ICO is a method used by cryptocurrency startups to bypass regulated and rigorous capital raising processes that are required by banks and venture capitalists. Typically, in an initial coin offering a percentage of the new cryptocurrency is sold to early investors in exchange for Bitcoin or other legal tender.
It looks like there will be more of an effect on initial coin offerings when regulators come in to deal with the growing Bitcoin stock market and other cryptocurrency efforts. And as crypto gets bigger, regulation is more likely to happen. Guide to Bitcoin. Full Bio Follow Linkedin.