CNBC Interviews Reaffirms Bitcoin’s Position in the Global Economy
The role of Bitcoin in the global economy is expected to expand as it overcomes various challenges. Read more…
Bitcoin, the popular digital currency is going strong despite snail-paced development when it comes to fixing scalability issues. The previous concerns about Bitcoin turning into a very long failed experiment seems to be resolving itself.
A series of interviews conducted by a leading financial media outlet has reaffirmed faith in the digital currency. However, this doesn’t mean that road ahead is smooth for Bitcoin. The emergence of Bitcoin as a valuable, alternate form of currency was influenced by troubles in the global economy.
Bitcoin was introduced during the times of crisis facing the global economy which forced a lot of big American banks to either shut down or seek the government bailout. Since then, Bitcoin has been slowly expanding its community until it turned into a major force by the end of 2013. With signs of trouble still lingering over the US economy, Bitcoin reached its all-time high of over $1100 before it came crashing, thanks to the Mt Gox incident. The dip was further affected by FBI’s action against Silk Road, a popular darknet marketplace.
This post was published at NewsBTC on 7:30 pm October 2, 201.