Post
Topic
Board Press
Re: [2017-05-03]Bitcoin Price Continues Historic Highs Toward $1,500
by
Drago2016
on 04/05/2017, 13:13:19 UTC
There will be a lot of such articles in future  Grin

Not really. The way the price is headed, we could cross $1500 in a couple of days time.
Then the articles will talk about Bitcoin's path to $2000.  Grin

He was talking about breaking all time high records of Bitcoin. Which I agree.



The current price surge is probably caused by the friendly action of Japanese government towards Bitcoin users, first they accepted Bitcoin as money, then they removed the consumption tax, and  encouraging companies to adopt Bitcoins.  People saw that there are major Japan company that are willing to venture in Bitcoins and this means huge fund coming in.  Traders and investors knew that, so with the idea of Bitcoin increasing in value makes them buy more.


I'm not sure that only the Japanese government influenced the price of bitcoin. But it is difficult for me to determine what is the real reason that bitcoin is becoming more expensive. I just want this process to continue ...