Oct 13, · Bitcoin has demonstrated a remarkable stability in recent weeks. Since early September, it has traded in the range of $$ Fundamentally, price stability should be a bullish sign for. Oct 02, · Bitcoin’s share within the greater cryptocurrency market has risen, to 52%. Cryptocurrency traders, in other words, seem to be consolidating around bitcoin. The media frenzy around bitcoin. Oct 12, · Bitcoin has managed to surpass most of its former market value in the last few months, following the outbreak of the global coronavirus pandemic. Although .
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Mersch and Carstens devoted part of their talks to the nature and history of money and how cryptocurrencies fit in. My guess is that once the technological issues have been worked out, one particular currency will emerge as the de facto leader, at which point one or more central banks will take over that technology and start issuing government-backed cryptocurrencies, all but eliminating the private cryptocurrencies.
This content is from: Portfolio. October 10, July 24, December 23, Related Content. But they do it within relatively narrow bands, and over periods of months or years, not minutes or seconds. The story is not completely told, because while bitcoin prices have stabilized, other crypto-currencies have not.
The media frenzy around bitcoin, meanwhile, has cooled. Despite the headlines, most of the bullish and bearish predictions are coming within a narrower range. The Securities and Exchange Commission has begun policing the market. The tax man is getting serious. That also describes the remaining problem. Stability depends on size. The trustee winding down the failed Mt. This did a lot to drop it back it to its present level. Too much of bitcoin is still held in too few hands.
The more bitcoin that big owners liquidate, the more dispersed the asset becomes among its holders, the easier price discovery becomes. Dana Blankenhorn is a financial and technology journalist. As of this writing, he did not hold a position in any of the aforementioned securities. Log in.