The price of Bitcoin is shooting high. It is blistering high. This is happening on Monday when BTC futures launch. This Bitcoin news is sweet to the ears of investors. As the launch of BTC futures starts, the price of the digital currency shoots. It goes up by about $2, 000. Before the futures launch, the price is around $16, 000. As the futures goes on, it shoots to $18, 000.
Why Are The BTC Futures Suggesting The Price Of Bitcoin May Slow Down?
But even as this seems like hope to investors, there is something. You need to beware of what will come. The launch of BTC futures is one thing. There is a reason to be wary. Experts say that the price is likely to slow down. It will not rise at the same pace as this one. You need to know that there is a fluctuation. At one point it is going as low as $15, 460. But on the other end, there is a rise of up to $18, 650. The steady rise of the digital currency is creating a stampede. Many people are now running into investing and the mining of the digital currency.
These investors do not come from one area. There are many people from different walks of life. They come from different zones and territories. They all want to invest in the bitcoin. Different governments and agencies are tightening regulations. But these regulations are not stopping the growth in any way. Many of the rules are boosting the BTC growth.
The Digital Currency Has Been Around Since 2008
The digital currency has eight years since creation. The developers want this cryptocurrency to become famous. Soon, it will surpass all the wealth on earth. Taylor Global Vision founder John Taylor Jr. feels otherwise. He observes that things will not be as usual in the future. For now, Taylor agrees that the digital currency is growing fast.
How Invented Bitcoin?
“The bitcoin founder is a happy man seeing the coin rise so quickly. As any serious focus on it and its recent explosive move higher will soon end its freedom,” says John Taylor Jr. Taylor is saying something. He is still optimistic that the price may continue going up for now. But he also foresees the great fall of the digital currency.
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“Bitcoin is on its way to the peak. But as soon as the ‘upmove’ ends, the world will see its sudden crash,” Taylor says. The price of the digital currency goes up more than thrice in the last month alone. The same thing will happen the month of December. Already many people see this happening. It is moving from below $10, 000 at the beginning of December to close to $20, 000 before mid-December.
The Price Of Bitcoin May Still Increase With BTC Futures
For some time now, futures are happening outside unregulated markets. With the launch of BTC futures on Monday, a lot is looming. With more countries accepting the use of the digital currency, the value will rise. But experts are warning that the rise will come to a stop at some point. There is even more as CME plans its futures launch on December 17, 2017. This Bitcoin news is a thing investors want to hear, nothing more.
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