After The Pump Of Yesterday This Is 3 Reasons Why Bitcoin Is Going Up !
#1 Yahoo Japan to buy miniority stake in cryptocurrency exchange :
Yahoo! Japan Corporation (TYO: 4689) announced on Friday that it is entering the cryptocurrency space. The company expects to launch an easy-to-use exchange for cryptocurrencies in the fall of this year, Nikkei elaborated.
Founded in January 1996 as a joint venture between Yahoo! and Japanese multinational conglomerate Softbank, Yahoo! Japan continues to dominate the Japanese internet industry while Yahoo! has been declining in popularity since the late 2000s.
#2 Islamic Scholar Says Bitcoin is Compliant With Sharia Law as Price Surges :
A recent declaration by an Islamic scholar that Bitcoin is compliant with Sharia law could be the cause behind todays $1000 price surge, opening the market to Muslim investors who were previously unsure if the cryptocurrency qualified as money under the strict definitions outlined by scholars.
Muslims account for 23% of the worlds population, with 1.6 billion Muslims throughout the world, mostly in Asia Pacific nations like India and Indonesia. Sharia Law, or Islamic Canonical Law, prohibits the practice of lending money at high-interest rates, known as usury. Debate has raged since the popularity of Bitcoin in the Islamic Scholar community as to whether Bitcoin trading was a form of usury due to the volatility and huge profit and loss margins.
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http://worldofchd.com/2018/04/3-reasons-why-bitcoin-is-going-up/If other currencies recognize inflation or a decline in the value of a currency, then Bitcoin only recognizes deflation, or reduced production of Bitcoin which makes the value of Bitcoin increasingly uphill. Bitcoin experiences what is called Bitcoin Halvings, or a reduction of the virtual currency supply because it happens every 4 years, every 10 minutes there will be a reduction in the amount of Bitcoin to half. If other countries are familiar with the inflation policy in order to increase the production of currency to pay off state debts or pay the losses of war, for example, Bitcoin does not recognize this. Because in the world of Bitcoin aka the digital world, unknown to war and debt. So if you've invested into Bitcoin, it can be said if your choice is right.