Bitcoin Translucent Price of US $ 10,000

Bitcoin Translucent Price of US $ 10,000

There is good news today which was announced in the newspaper with the title
Bitcoin Translucent Price of US $ 10,000, Encouraged by the Fed and Facebook.
This news raises the passion of cryptocurancy digital money players. A burning passion to continue playing and transacting.
For bitcoin investors, it seems you have to thank the Fed and Facebook.

Because, with his encouragement, bitcoin went close to the price of US $ 10,000 per 1 BTC for the first time since March 2018.

The increasing likelihood of cutting interest rates that will be carried out by the Fed in July has pushed the exchange rate of the US dollar lower.

The low US dollar is a positive for bitcoin and gold, which is seen as an alternative currency that must rally when the central bank takes action to cut interest rates.

This week, both Fed Governor Jerome Powell and Bank of England Governor Mark Carney also indicated the central bank would see bitcoin and other cryptocurrency with an open mind.

The statement can mean further regulation, which is likely to lead to reduced volatility for bitcoin and more legitimacy on global financial markets.

Besides the Fed, the penetration of bitcoin into fantastic numbers was also driven by Facebook, a social networking site that recently launched the crypto currency, Libra.

The introduction of Facebook about Libra to society has been seen as something that can bring crypto currencies out of the shadows and known to many people.

From there, there may be many people who use crypto currency as an actual payment method, instead of considering it as a short-term trading opportunity that makes investors get rich quick.

"Libra will expose 2 billion Facebook users to its virtual currency. Because of its large network with more than 2 billion users, products launched Facebook can reach a wide network," said Jasper Lawler, head of research at London Capital Group quoted by CNN, Sunday (06/23/2019).