A recent Twitter Tweet by CNBC held a short video of a few minutes touching on the current state of Bitcoin and cryptocurrency. The segment was focused on an interview with cryptocurrency analysts Spencer Bogart, who touched on some of the latest news surrounding the industry.
MasterCard has recently made an announcement on using Bitcoin. It’s not really the focus of cryptocurrency users, who would rather back startups then see massive companies like MasterCard getting their hands in cryptocurrency.
As for Bitcoin, it’s likely the company has already hit a low for the year, with the currency nearly doubling in the last week or two. According to analysts like Spencer Bogart believe the highest highs for the currency is still to come, and the concerns o ETFs and trade commissions, isn’t really something to get too concerned with this year.
If we’re lucky the financial institution regulation institutions like the Federal Trade Commission may take some real time out next year in 2019 to discuss the future of cryptocurrencies like Bitcoin. As of now though, cryptocurrency simply is not a priority to most of the major trader centers or financial institutions in the world.
However, with the current rise of Bitcoin, it is a priority for investors in the United States and across the globe, particularly those who invested into it in 2017 or failed to do so and missed out. At either case, the speculation early this year on Bitcoin potentially being over with is now behind us.
The master cryptocurrency is on a steady rise once again, with enough time left in the year to see massive numbers, potentially higher than those seen at the end of the year inn 2017 when the BTC Tokens reached a record price of $20,000 USD each.
Plummeting soon after was only a temporary part of the process, not surprising to most true investors of the currency. As for Bitcoin, the plummet likely reached bottom and according to many investors the time to buy is now.
What do you think on the current state of Bitcoin and cryptocurrency? Leave your opinions in the comment section below.