Bitcoin News
By Sydney TheCMO
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The US economy is struggling hard right now with the American public debt topping 27.2 trillion USD - an alarming number never seen before.
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Speculations are rife that the American Federal Reserve has been unintentionally endorsing Bitcoin for quite some time now.
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However, while talking about financial support, Powell has not mentioned any specific figure and has requested Congress to decide on an appropriate sum.
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As Powell urged for more financial stimulus from Congress, Bitcoin continued to show an upward growth.
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“Bitcoin is fast approaching the $16k mark and it won’t be too bold to expect that the coin might reach the $20k mark, its 2017 ATH, by the end of this year or the start of the…
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It’s true that Bitcoin has always faced skepticism from the mainstream market and it continues till date even when the coin is back to its glorious form.
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Some experts have drawn similarities between Bitcoin’s current stage and the initial phase of the retail giant Amazon.
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As per the experts, the same will ring true when it comes to Bitcoin skeptics. Bitcoin shows huge promise not just as a crypto coin but also as a powerful asset.
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