As we’ve seen over the last few years, in countries worldwide, and even in the recent US election, people are losing faith and trust in the forms of democracy that exist in voting and election systems. The same is true of financial fraud and the security of investments and money. Blockchain technology Is a 21st-century answer to this problem.
Bitcoin has been hovering around the 11,000 mark for some time now but many experts aren’t too excited about it getting to $12000. They think it’s a given. $15,000 is what they think to be the next.
Max Keiser, Wall Street veteran and host of financial TV program The Keiser Report, is anticipating Bitcoin’s bullis run to $28,000. He said that the government’s relentless money printing is the primary cause.
Only 3.5 million bitcoin or 19% of total circulating supply is actively traded throughout the world. The rest? Held long-term by investors, according to a new report by crypto analytics company Chainalysis.