Friday 26 May 2017

Four reasons why the bitcoin went crasy (2)

2. The process of producing bitcoins is delayed

The way of producing the bitcoins is based on sophisticated technological processes and calculations. Their production is decentralized and the speed of the "blocks" process is slowing down, at least compared to what was necessary a few years ago.

3. The potential for the emergence of an ETF fund

After the US regulator, in the face of the SEC, dismissed the plans of the Wincliffe twins to submit a bitcoin based index, in March, the cost of the bitcoin dropped after its strong growth earlier. At the end of March, however, the two brothers filed an appeal against the decision that a higher instance would soon pronounce.

4. Increasing market uncertainty

The factor that always influences positively on the cost of the bitcoin is market uncertainty. The digital currency is seen by many investors as a "rescue island" in a situation of uncertainty. Investors looked at the bitcoin during the Greek crisis, for example.


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