The unprecedented growth of Bitcoin has surprised many all around the world. Moreover, as Bitcoin has roughly tripled in value since the beginning of the year, Ethereum is up by about 40 times, and Ripple, one of the newest arrivals on the scene, gained a shocking 3800%, cryptocurrency news is abuzz with new people entering into the market.
Needles to say the total market cap for the cryptocurrency industry has been steadily increasing as well. The reason behind such an expansion seems to be the fact that more and more businesses are finding ways to incorporate digital currencies into their models and payment systems. These moves are making the world of cryptocurrency exciting and promising.
However, there are people who are warning for those who are rushing for gold. The latest cryptocurrency news is the head of global venture capital at Aberdeen Asset Management had some words of caution for investors considering the cryptocurrency field. Peter Denious says prices right now aren't being driven by network usage; rather, being driven by speculation.
It must be mentioned here that on one hand, it is hard for many investors not to be excited about the meteoric rise of cryptocurrencies in the past few months, they must be careful as there can be steep market correction. Though more businesses are finding ways to incorporate digital currencies into their models and payment systems, it still is too early.
Additionally, with all of this excitement about the new industry, there are also many analysts approaching with caution as according to them any steep fall may ruin the party as it happened in late 2013 and early 2014 when the exchange rate went up only to fall. To avoid that kind of losses, investors should be careful.
Portals like NewsBTC that have been delivering the latest and updated cryptocurrency news from all around the world have a reliability factor. They are one of the oldest news outlets that started offering the trusted cryptocurrency news for traders and investors. Their team works tirelessly for the news subscribers to get the latest news and information.
Least but not the last, as the innovation of the blockchain is changing entire markets, while causing ripples with central banks and the financial industry, cryptocurrency news keeps you all updated about these transforming events and stories.
Also read: Ethereum Press Releases for Promoting the Organizations
Needles to say the total market cap for the cryptocurrency industry has been steadily increasing as well. The reason behind such an expansion seems to be the fact that more and more businesses are finding ways to incorporate digital currencies into their models and payment systems. These moves are making the world of cryptocurrency exciting and promising.
However, there are people who are warning for those who are rushing for gold. The latest cryptocurrency news is the head of global venture capital at Aberdeen Asset Management had some words of caution for investors considering the cryptocurrency field. Peter Denious says prices right now aren't being driven by network usage; rather, being driven by speculation.
Cryptocurrencies Have Multiplied in Terms of Value
It must be mentioned here that on one hand, it is hard for many investors not to be excited about the meteoric rise of cryptocurrencies in the past few months, they must be careful as there can be steep market correction. Though more businesses are finding ways to incorporate digital currencies into their models and payment systems, it still is too early.
Additionally, with all of this excitement about the new industry, there are also many analysts approaching with caution as according to them any steep fall may ruin the party as it happened in late 2013 and early 2014 when the exchange rate went up only to fall. To avoid that kind of losses, investors should be careful.
Finding Out the Right Solutions with Cryptocurrency News
Portals like NewsBTC that have been delivering the latest and updated cryptocurrency news from all around the world have a reliability factor. They are one of the oldest news outlets that started offering the trusted cryptocurrency news for traders and investors. Their team works tirelessly for the news subscribers to get the latest news and information.
Least but not the last, as the innovation of the blockchain is changing entire markets, while causing ripples with central banks and the financial industry, cryptocurrency news keeps you all updated about these transforming events and stories.
Also read: Ethereum Press Releases for Promoting the Organizations
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