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There’s no doubt about it: momentum in Bitcoin is certainly building. (NASDAQ: COIN), today’s leading cryptocurrency exchange platform. Despite all of that, however, the most important development for Bitcoin maybe the recent IPO (initial public offering) of Coinbase Global, Inc.

Several popular FinTech (financial technology) companies like Square and PayPal also announced their intentions to support cryptocurrencies moving forward.

One tailwind, in particular, is the acceptance of Bitcoin by several high-profile individuals and businesses.Įlon Musk, the mind behind both Tesla and SpaceX, recently announced his automotive empire would not only purchase $1.5 billion in Bitcoin, but it also intends to accept the cryptocurrency as payment in the future. More people are buying into Bitcoin becoming a decentralized, global currency. Most recently, Bitcoin’s valuation has increased more than 763% in just one year, easily outpacing traditional gains in the stock market. To better understand its true value in the marketplace, we must look to its latest movements. During that same time, there’s been a lot of debate about Bitcoin and other cryptocurrencies-Its proponents argue that it’s the future of currency and investing, while its detractors argue that it’s a risky investment option that may not generate big returns. Over the last several years, Bitcoin has become increasingly popular amongst today’s investors.

Need online bitcoin expert advise how to#

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