In most countries of the world, people are allowed to buy and sell Bitcoins and other crypto-currencies for profit from investments. However, as we have seen in countries such as Bangladesh, Bolivia, Ecuador and Nepal, the sudden prohibition of Bitcoin may be around the corner and very quickly become a problem for active traders. This in itself gives sufficient grounds for the crypto-investors to pay more attention to confidentiality and anonymity when trading and making transactions with cryptocurrencies.
The growth of Bitcoin influences many processes connected with cryptocurrency. Video card manufacturers and mining companies are not the only lucky ones who now take advantage of the take-off of Bitcoin prices. Domain names that contain the word Bitcoin in their names have also become unusually popular. Vendors ask for domains with the name of Bitcoin hundreds of thousands of dollars, and the price of individual copies is measured in millions.
The rapid growth of the rate of cryptocurrencies makes more people engaged in mining. So, one of the members of the online community "Tesla Owner Worldwide" on Facebook offered to use electric power and built-in Tesla computer in electric vehicles for the cryptocurrency Mining. In particular, it was proposed to use a powerful computer responsible for the autopilot in the Tesla for the computing platform. However, this idea was not implemented because of security concerns.
The world is going crazy with Bitcoin. Few people do not notice this. However, if investors in the west are intrigued by cryptocurrency, then users of South Korea and Japan succumbed to full-scale hysteria, in particular, the price of Bitcoin on Japanese and Korean stock exchanges is 5-10% higher than in European and American exchanges. Which countries will become the next victims of cryptomania? Obviously, first, the cryptocurrency is paid attention where the national currency is unstable and subject to high inflation.
Three of Russia's richest businesspersons, including Roman Abramovich, invest heavily in cryptocurrencies through the European Fund.
According to CoinMarketCap.com, the market capitalization of all the Cryptocurrency at the time of publication is approximately $ 305 billion, and the capitalization of Bitcoin is 53.5 of this amount: about $ 163 billion. The price of Bitcoin exceeded $ 9,000 and is approaching the next historical milestone of $ 10,000. Today morning, the Cryptocurrency was trading at $ 9,657, according to the Coindesk BPI index. In other words, Bitcoin to achieve a five-figure price is enough to rise in price by only 3.5%, while only over the past 24 hours the growth was more than 8%.
Financial analyst and founder of Fundstrat, as well as former chief strategy strategist JPMorgan Chase, Tom Lee predicts the growth of Bitcoin by 40%. In his opinion, the price will reach $ 11 500 by the middle of 2018. "For several weeks our forecast was neutral, since the price of Bitcoin at that time (about $ 7,400) exceeded our estimates. Two weeks ago, Bitcoin fell to $ 5 600 and rebounded, setting a new high. This drop to $ 5 600 cleared the market from investors who quickly got rid of the crypto currency, and we do not see the need to be cautious ... We recommend buying Bitcoins at current levels. "
Recently, the founder of Alibaba, Jack Ma said that he does not have much interest in Bitcoin. What do the heads of Chinese giants of e-commerce - Alibaba, JD and 58.com say today about Bitcoin and blockchain? On November 10, Jack Ma talked about his film "The Art of Attack and Defense" (Gong Shou Dao) at the "Dialogue with Jack Ma" event in Shanghai. The actress, whose brother is obsessed with Bitcoin, asked the billionaire how he looks at the future of the cryptocurrency.