CoinBase, a website that centers its operations in the business of buying, selling and the storage of digital currency such as Bitcoin, Litecoin, and other cryptocurrencies are in talks with potential investors that are aimed at raising money.
According to the startup, the amount of money needed to be raised is over $1 billion. Although that is a projection by the bitcoin startup, in its initial funding, CoinBase is first looking into how it will be able to raise $100, 000.
This year alone, the value of the Bitcoin has seen an increase of over 150% from as low as below $1, 000 before March, to a tremendous price value of $2, 445.20 as the week stretched towards the weekend.
If things go like this, it is likely that by end o0f next week, the price of the bitcoin will shoot from $2, 445.20 to even hitting $2, 600 or more at the end of the second week of June.
In recent days, the there is no doubt that the price value of the bitcoin has risen in spite of many challenges in the online currency market.
However, price stability of the bitcoin and investment market can be attributed to some things, a reason why the bitcoin will continue to outshine other digital currencies, at least for now.
Many online money experts, digital currency investors, and cryptocurrency enthusiasts continue to praise the bitcoin perform each day. That alone combined with positive remarks about the online performance of the bitcoin over fellow digital currencies by opinion makers such as potential business people, investors, stock exchange analysts and other digital currency stakeholders has given the bitcoin an upper hand.
Japan’s move to legalize the use of bitcoin in the leading online transactions was also a major booster in the rise in the price value of the Bitcoin.Gambling On Bitcoin Surges To Over 1 Billion Bets In March 2017.
Authorities in the island country, one of the major economies in the world to allow the use of their currency, the Yen in purchasing bitcoin online is in itself a milestone to the performance of the bitcoin.
The latest one in this category is BetOnline, a renowned online gambling platform with thousands of visitors everyday to allow the use of Litecoin is also another move that shows how digital currencies are fast gaining approval even in doing pretty much anything online.
Still, many people believe that although the bitcoin has made significant steps in marketing itself above fellow cryptocurrencies, many goodies lie ahead of it.
As the North American market is ready to wholesomely accept the use of the Bitcoin in virtually every online transaction, other international markets are also following suit.
The Asian market seems to be ripe for the Bitcoin especially about Japan and China whose gambling market is slowly making steady strides.
With such high expectations from these seemingly ‘new’ markets, online money investors, as well as gaming operators, are having their fair share in the growth price value of the Bitcoin.
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