Bitcoin Price High Closing on $3,000 May-2017

Bitcoin Price High Closing on $3,000 May-2017

Bitcoin is the largest and number one digital cryptocurrency at the moment that having a great future and grip on economy.
May 25, Bitcoin price fell from around $2,700 to $1,900 for major market correction.
within less than two weeks, Bitcoin price recovered beyond its previous peak established at $2,700 by surpassing $2,900 and reaching closer to $3,000.Many Bitcoin and cryptocurrency analysts believe that this trend will continue until Bitcoin challenges reserve currencies and current monetary systems in existence.


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Tremendous progress in scaling discussions, global regulations, liquidity and mainstream adoption. Earlier last month, Bitcoin Core developer Eric Lombrozo vowed to help Barry Silbert, the Digital Currency Group and 56 other companies participating in the Bitcoin Scaling Agreement to scale Bitcoin efficiently and securely.
On May 10, the Australian government officially removed the double taxation of Bitcoin in an attempt to revive its cryptocurrency market and industry. Last week, Japan’s largest forex market and major multi-billion dollar conglomerate GMO opened a Bitcoin exchange to address the explosive increase in demand for Bitcoin from local casual and institutional investors.
Keiser, in particular, noted that the price trend of Bitcoin will repeat until it hits $100,000 in the future when the market cap of Bitcoin enters the trillion dollar region.

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