New Bitcoin Billionaires | Bitcoin Banks Coming – Forbes

New Bitcoin Billionaires | Bitcoin Banks Coming – Forbes


BITCOIN’S 40,000 MPH SPEED BUMP

If you didn’t check the price of bitcoin this week, you would be forgiven for thinking that nothing happened of consequence. However, it had a very volatile couple of days. After staying above $40,000 for much of January 10, by the next morning bitcoin was threatening to fall below $30,000. Additionally, this sudden fall led to double-digit drops in many altcoins, such as ether, litecoin and XRP. In what could only be considered perfect timing, the U.K.’s financial regulator issued the following statement, “As with all high-risk, speculative investments, consumers should make sure they understand what they’re investing in… If consumers invest in these types of product, they should be prepared to lose all their money.

That said, as it has done countless times in the past, by midweek the market had come back around. On Thursday bitcoin recrossed $40,000, albeit briefly, and ether started to threaten its all-time high price of $1,432. Now that crypto is back to the line of scrimmage, analysts are
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