Category Archives: Bitcoin

Best of BS Opinion: GST’s high point, clarity on bitcoin, and more

The goods and services tax (GST) collection reached a record Rs 1.15 trillion in December, the third consecutive month of collections in excess of Rs 1 trillion. The government is inclined to project this performance as a potent sign of economic recovery. This is misleading. A festive season bump, payment backlogs from previous […]

The post Best of BS Opinion: GST’s high point, clarity on bitcoin, and more appeared first on TechFans.

Why is Bitcoin’s price at an all-time high? And how is its value determined?

Bitcoin continues to trade close to its all-time high reached this month. Its price is now around US $34,000 — up about 77% over the past month and 305% over the past year. First launched in 2009 as a digital currency, Bitcoin was for a while used as digital money on the fringes of the […]

The post Why is Bitcoin’s price at an all-time high? And how is its value determined? appeared first on TechFans.

Bitcoin Trades Near All-Time High After Latest Gains

Bitcoin prices have remained at lofty levels after reaching a record high earlier this month. (Photo … [+] Illustration by Jakub Porzycki/NurPhoto via Getty Images) NurPhoto via Getty Images Bitcoin prices have been trading north of $33,000 since this afternoon, fluctuating close to the record level of more than $34,000 they reached earlier this month. […]

The post Bitcoin Trades Near All-Time High After Latest Gains appeared first on TechFans.

How to invest in blockchain technology: Stock types and strategic tips

Investing in blockchain technology has become hot due to its role as the database for cryptocurrencies and digital transactions. You can invest in blockchain technology via stocks of companies that offer cryptocurrency-related services or are developing other industrial applications for it. Despite its growth potential, blockchain technology should be seen as a high-risk investment. ETFs […]

The post How to invest in blockchain technology: Stock types and strategic tips appeared first on TechFans.

Why Bitcoin Believers Could Be Proved Right In 2021 As The Bitcoin Price Continues To Climb

Bitcoin has surged to over $34,000 per bitcoin in the last week, topping off a year that saw the cryptocurrency climb more than 300%. The bitcoin price, after suffering through a three-year bear market, began to rally in October—breaking into fresh territory last month as a wave of big-name investors named bitcoin as a potential […]

The post Why Bitcoin Believers Could Be Proved Right In 2021 As The Bitcoin Price Continues To Climb appeared first on TechFans.

Bitcoin could hit $US146,000, says JPMorgan

Bitcoin is likely to outshine gold as Millennials become a more important component of the investment market over time and given their preference for “digital gold” over traditional bullion, JPMorgan said. With a market capitalisation of $US575 billion, the bitcoin price would need a nearly fivefold jump to $US146,000 to match the value of private […]

The post Bitcoin could hit $US146,000, says JPMorgan appeared first on TechFans.

Cryptocurrency Stocks Trade in All Directions Today, Even as Bitcoin Climbs Above $34,000

What happened Bitcoin was rising again on Tuesday. As of 4:15 p.m. EST, bitcoin was up 8% over the previous 24 hours and had briefly surpassed $34,000 per token earlier in the afternoon, according to CoinDesk. Its daily high of $34,221 was within 1% of its all-time high, which was hit over this past weekend. […]

The post Cryptocurrency Stocks Trade in All Directions Today, Even as Bitcoin Climbs Above $34,000 appeared first on TechFans.

Why the Current Bitcoin Frenzy Possibly Hasn’t Peaked Yet

While Bitcoin  (GBTC)  has seen a massive run-up over the last three months, the party might not be poised to end just yet. As others have noted, Google search activity related to Bitcoin (while having spiked lately) remains below its late-2017 and early-2018 highs. Arguably, that’s one sign that the current, speculative, retail fervor surrounding […]

The post Why the Current Bitcoin Frenzy Possibly Hasn’t Peaked Yet appeared first on TechFans.