On November 15, the Chinese stock exchange OKCoin showed the value of the Bitcoin price above $ 15,000: on social networks, comments began to appear on the strange dynamics at OKCoin, the chart of which showed a 24.3 hour increase in Bitcoin at 123.21%, resulting in a new historic maximum of $ 15,151.
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Bitcoin futures on major stock and commodity exchanges are the hottest topic of the month. The other day CME Group said that the launch of contract trading Bitcoins is a matter of several weeks. This will allow large investors to speculate on the price of Bitcoin, not having the most crypto currency in the portfolio. Earlier CBOE - another Chicago exchange, a competitor to CME, reported on the preparation of the launch of the stock market Bitcoin. And now the British Man Group can become the next company that will launch Bitcoin futures.
Michael Novogratz, former head of the hedge fund of the Fortress Investment Group, who recently became a cryptocurrency investor, noted that he believes that institutional investors are only a few weeks from the mass adoption of Bitcoin and the Ethereum.
With what only predictions of Bitcoin prices we have not encountered lately!
Even before bitcoin was invented, the British economist John Maynard Keynes developed a technique of calculation the annual interest rate of the crypto currency. According to experts, now it is about 57%. Born June 5, 1883 in English Cambridge, Keynes witnessed a tumultuous period in British history. After passing through the Boer War, both world wars and the world economic depression, he passed away on April 21, 1946. During his life he became famous as one of the world's leading economists. His most famous work is The General Theory of Employment, Interest and Money, which was published in 1936 and became a model for future economic thought.
In five years, the use of state currencies will come to naught, since they will be replaced by cryptocurrencies.
The popularity of the crypto-currency markets is growing rapidly, and this is not surprising, since the price of bitcoin has risen by 60% in just one last month. However, along with the passing of the mark of 7000 dollars for BTC, the congestion of the blocks again increased, as well as the commission of the miners. This was the reason for users' displeasure with unconfirmed transactions and the need to pay 5-10 dollars per transaction. The actual cancellation of the SegWit2X's hardfork not only does not solve the crisis of scaling, but rather aggravates it, since other solutions still do not work, and even activated more than two months ago SegWit has not been put into operation to the full.
While skeptics continue to assert that bitcoin is used exclusively for speculation, one of private schools in New York City offered to pay for their services with Bitcoins. In an interview, the school manager in Montessori, in Wilthiron and Soho, Marco Ciocca, said that parents themselves asked whether there is a possibility to pay for the education by the bitcoins. After several such calls, Marco began to actively monitor the bitcoins and very soon already knew about all his advantages as a means of payment: fast transactions, low commissions, easy payment. Having conferred with colleagues, it was decided to include bitcoin in the number of means of payment for paying for tuition in a kindergarten.
Video with the speech of Andreas Antonopoulos under the name "Money as a System of Control", undoubtedly, should be watched by every follower of bitcoin. In it, Antonopoulos explains how money is used to control their senders and recipients, as well as tracking financial transactions around the world. In addition, he tells how false the banking system really is. Banks can not only freeze or confiscate money without our consent, in fact, they are the owners of our finances, we are simply granted access to them - and this, to put it mildly, is a dishonest deal. As explained by Antonopoulos, we do not have money in the bank, we have only an account that gives us access to the money that we placed in the bank, believing fake security guarantees. This situation is demonstrated by a brilliant example of the debt crisis in Greece - the entire population of the country kept savings in banks and they were insured, but one day the promise was violated and money was rendered inaccessible.
The cost of mining bitcoins has often been criticized by opponents of crypto-currencies. Let's see how much 1 BTC costs in barrels of oil. The industry of crypto currency is developing at a frantic pace and bitcoin continues to be the driver. It is on its extraction that most of the miners are oriented. The cost of bitcoin and relative stability of growth attract more and more people to this sector. The complexity of the network is growing and getting bitcoin is getting harder and more expensive. More and more new capacities are being introduced, which consume more and more electricity, for the production of which, mainly, oil is burned.