What Media Gets Wrong about the Digital Currency, Bitcoin

The digital currency, Bitcoin may not be an ideal choice of investment says a financial magazine. Read more…
The recent appreciation in Bitcoin price has been attributed to the steadily increasing demand for the digital currency among investors from different parts of the world. One of the main reasons for the increasing Bitcoin prices is said to be falling value of Chinese Yuan. The uncertainty revolving around the upcoming US presidential elections is yet another factor fueling the demand for Bitcoin.
With the gap between US presidential candidates, Donald Trump and Hillary Clinton closing in, the global financial market is in jitters. Most of the investors who were rooting for Hillary Clinton are now rethinking their investment strategies, leading to renewed interest in stable assets like Gold, Swiss Francs, and even Bitcoin.
The direct co-relation between and gold and Bitcoin prices in connection with market volatility is now a well-known fact.

This post was published at NewsBTC on November 3rd, 2016.