The excessive price volatility of Bitcoin- which has a finite supply and is distributed via cryptology, with no central intermediary-has elicited numerous discussions about whether the digital asset has intrinsic value. Since its launch in early 2010, Bitcoin has displayed a wild price ride, hitting an all-time high price of around $64 000 in April 2021. Thus, 2017 was a historic year in Bitcoin's price charts: the coin started at $1000 and ended at $19 783.06, representing a 1 824%…
Tag: SkyBridge Capital
Ethereum Has Gained Over 50% in 2021: What Should Investors Expect?
The new year started with a bang as Ethereum managed to rocket from $770 to hit $1,151 in just 48 hours – a level last seen in January 2018. The rally came about as ETH gained momentum following big brother bitcoin's colossal uptrend over the same period. The latest push higher by ETH has many speculating that the popular altcoin is well poised to soar to a new all-time high. Although 2020 will be remembered as the year of BTC,…
10 months ago
