Its price is now around US $34, — up about 77% over the past month Bitocoin miners today earn bitcoins for every block mined, down from 50 Its market value can be compared to that of another go-to asset that. There's more substance to the surging price of Bitcoin than last time. But there's Cryptocurrency markets are notoriously volatile, so perhaps by the time you read this the value might have gone up. Or down again. So what is going on? Is this another speculative bubble, fuelled by the “greater fool theory”? Bitcoin, (BTC), is a volatile asset, which means it goes up and down more than the typical Blue Chip Stock, In fact more than just about any type of Stock that is.
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