What is Bitcoin?If you have not heard the latest news in Bitcoin you really would have to be living under a rock. Just about every major news reporting agency has reported on its recent explosion around the world. It is trending in almost every major country and even is getting noticed in areas that some might least expect. Based on where things stand as of now it appears that Bitcoin will stand the test against doubts that were had when it was first created.

Just earlier this month it surpassed all of its previous records, soaring to over a value of $7000 per coin, which critics had never imagined would be possible. With a few dips in between it has continued to rise in value and at this point, it is expected to continue to do so in the months ahead. Many are using this is their new means of investing as well as trade with those from other countries. Many people do not even know where to buy Bitcoin

Some countries, however, are not reaping the benefits of its exploding. In China, it is not legal to purchase or use this market. They have completely banned Initial Coin Offerings, commonly referred to as ICOs, and even shut down all of the exchanges operating there. This was done in September. Some strategists believe it is an effort to control the value of the dollar compared with the United States. Initially it did have a major impact, causing the value of the coin to drop by a couple of thousand dollars to around $3000, but clearly, that is no longer causing any problems.

In fact, there have been some positive developments in the regulation of the market to ensure that there is not insider trading issues and manipulation which could inflate its value illegitimately. Both the United States and Japan have implemented measures to ensure this. China’s move has also limited the number of coins available, which will help stabilize the value over time.

Another positive development is that Wall Street is now recognizing its legitimate investment possibilities. Recently CME has issued futures on the coin and there are a number of hedge funds that are utilizing its potential. Of course, the value increase has played a role, but the general feeling in Wall Street is that technology is rebounding in all markets, helping to send stock markets to all new levels. This is in great part due to the recent successes of Amazon, Apple, Facebook, Google and much more. In many ways, it seems that the drive towards success in the markets not seen since the 90s is working its way back into how people are choosing to invest.

In almost every way, the latest news in Bitcoin has been positive. The value is skyrocketing and the market is becoming safe than ever. Other investors that had once been critical of ICO’s are not joining the bandwagon, which is only increasing its popularity with the average consumer. It will be interesting to watch where this “people’s currency” takes modern culture.

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