The Currency Analytics
By Sydney TheCMO
The US economy is struggling hard right now with the American public debt topping 27.2 trillion USD - an alarming number never seen before.
Speculations are rife that the American Federal Reserve has been unintentionally endorsing Bitcoin for quite some time now.
However, while talking about financial support, Powell has not mentioned any specific figure and has requested Congress to decide on an appropriate sum.
As Powell urged for more financial stimulus from Congress, Bitcoin continued to show an upward growth.
“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…
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.
Some experts have drawn similarities between Bitcoin’s current stage and the initial phase of the retail giant Amazon.
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.