Bitcoin's price rises again as venture capital firm invests millions

Bitcoin's price rises again as venture capital firm invests millions

Bitcoin's price rises again as venture capital firm invests millions

South Korea, who until recently represented almost a quarter of all bitcoin trading, is tightening restrictions on the market out of fear for its potentially catastrophic fluctuations in value.

Bitcoin, which saw an unbelievable 2017, started the year priced at $1,000 and reached $20,000 in December, before dipping ahead of Christmas and fluctuating between the $13,000 and $14,700 range. Those bitcoin holdings are now worth several hundred million dollars, people familiar with the matter told the Wall Street Journal.

Per Bitsonline's resident technical analyst Ramiro Burgos' latest report, the bitcoin price now seems poised to make a sustained, long-term rally toward the astonishing $50,000 Dollars milestone.

But with bitcoin prices still hovering around $14,700, it's uncertain whether any investor in VCs till see a bargain.

New Hair Who Dis: New Year New Blonde Look For Kris Jenner
Why?" When asked if they knew she had the surgery by Piers , Caitlyn replied, "No, I didn't tell anybody. Jenner, who was previously known as Bruce , said: "No, I didn't tell anybody.

But, bitcoin's future, as its price levels, looks very fragile and volatile.

Again, just to make sure we've got this straight: There's too much dumb money in tech startups, unlike...bitcoin.

Thiel has, in the past, spoken positively about the cryptocurrency.

Winklevoss twins Cameron and Tyler became "bitcoin billionaires" in 2017 when the price of the cryptocurrency surpassed US$11,500.

Joe Arpaio: I want to Support our President and his Agenda
A protester dressed up as former Sheriff Joe Arpaio in KKK robes at an August President Donald Trump rally in Phoenix, Arizona. We're going to see this play out here over the next few days, next few weeks, next few months. "I know he doesn't like me.

Founders move to actually purchase bitcoins is a split from other venture capital firms which have tended instead to invest in companies and technology that use bitcoin, as opposed to investing in the currency directly. "If bitcoin ends up being the cyber equivalent of gold, it has great potential".

As some other institutional players begin to divulge some of their year-end positions over the next few weeks, as well as their 2017 returns, it will be interesting to note who else made (or lost) significant money on Bitcoin and its rivals - some of which beat Bitcoin's 1,000%+ rise during 2017.

In October, Thiel reportedly said during an investment conference in Saudi Arabia that people are "underestimating" Bitcoin and he compared the cryptocurrency to gold.

OnePlus 5T gets Android 8.0 Oreo beta update
It means that OnePlus is readying the Oreo beta update for the 5T and the users will soon get the opportunity to experience it. The Chinese phone maker has released the OxygenOS 5.0.1 update for the OnePlus 3 and OnePlus 3T smartphones.

Latest News