Bitcoin on Rebound
Economy, Sci & Tech

Bitcoin on Rebound

After a generally quiet 2015, bitcoin, the alternative online currency, is making waves as the year ends by reaching new price heights.
Bitcoin is north of the $400 mark, once again, for the second time since 2014. This time, it has surpassed a prior boomlet, reaching price points not seen since late summer last year.
The price of bitcoin is only a single indicator but one that matters. The higher the price of bitcoin reaches, the more media attention that it is afforded. So, up means up.
Through the recent discussion of bitcoin and blockchain, the online foreign currency industry has seen a retread of the discussion of what it's all about. It is fad to argue blockchain over bitcoin Tech Crunch notes; it is fact to say that bitcoin matters as a financial incentive to keep the blockchain operative; and it is future-facing to watch bitcoin itself grow despite media handwringing.
So the last few weeks have been good for bitcoin. New local maxima on the price side? Sold. Rising transaction volume? Easy.
Bitcoin is currently confounding both its true believers and its core detractors. The former expected exponential growth. The latter, complete collapse. What 2016 holds for the fledgling currency anyone knows, but do not expect it to fall completely out of favor.


Short URL : https://goo.gl/f7u1Yn
  1. https://goo.gl/mMBQNi
  • https://goo.gl/urKFLN
  • https://goo.gl/qgUA3S
  • https://goo.gl/iSfQOV
  • https://goo.gl/BLo7Kf

You can also read ...

How China Became Iran’s Coziest Trade Partner?
From bilateral trade to finance contracts and civil projects,...
Iranian Banking Sector Awaits Full JCPOA Benefits
Iran’s Deputy Foreign Minister Abbas Araqchi addressed various...
The economy of the Islamic Republic of Iran has been tied to political and foreign affairs developments over the years.
This is the Financial Tribune’s last edition of the current...
President Hassan Rouhani on Sunday spoke to reporters after the last Cabinet meeting of the current year.
President Hassan Rouhani on Sunday outlined his administration...
All-Out Growth in Interbank Market
The Central Bank of Iran has released its latest data on the...
Iran has more than 37 billion tons of proven mineral reserves and 57 billion tons of potential reserves.
Iran exported more than 58.09 million tons of mineral products...