CNBC Covfefe: Bitcoin Price Could clock ₦38 Mln ($100K) in a Decade

Kay Van-Petersen, an analyst at Saxo Bank, told CNBC that Bitcoin price could hit ₦38 Mln  ($100,000) within the next 10 years.  BuyBitCoinsInNIgeria previously reported that the daily trading level of the cryptocurrency market was nearing that of major stock markets. However, the cryptocurrency market's trading volume continues to be just a fraction of leading stock markets such as for example NASDAQ.

Bitcoin Future Is Bright, Keep Calm - Bitcoin Investor Vinny Lingham

At the peak of the recent Bitcoin price rally, Vinny Lingham, the Bitcoin price prediction pundit, told Buy BiCoins In Nigeria it wasn't healthy and wouldn't end well.

Admittedly, it didn't end as numerous wished, but it had been unlike a number of the scary bursts this ecosystem has witnessed in 2013 and 2015.

Bitcoin Demand Crashes Site in India, as Overwhelmed Exchanges Put Limits on Purchases

The demand for Bitcoins has increased across the entire world, ultimately causing a rise in its price to all-time highs. In India, with tens and thousands of new users flocking to Bitcoin each day, exchanges have already been overwhelmed ultimately causing downtime and slow processing of transactions.

The unprecedented demand for Bitcoins has can be found in the back ground of the us government requesting feedback about virtual currencies from users.

Exploding demand, high premium

"Zebpay, certainly one of India's Bitcoin exchanges, has over 500,000 downloads of its mobile app and is adding about 2,500 new users every day."

The scarcity of Bitcoins in India has triggered Bitcoin being traded at a substantial premium. The Bitcoin price in India touched INR 225,000 ₦1.3M (~$3,500) before declining slightly. International users cannot arbitrage the demand for Bitcoins in India because of capital controls and foreign exchange regulations.

Exchanges overwhelmed

Just how are exchanges coping with this particular overwhelming demand?

Zebpay urged investors to be mindful while buying Bitcoins, citing the high volatility

Zebpay tweeted “Bitcoin costs are very volatile right now. Please be careful when investing. This can be a new technology innovation on a worldwide but early stage. Your investment should match your knowledge. Be safe!”

However, this didn't have the intended impact on Bitcoin investors. Zebpay later introduced an everyday limit of INR 50,000 ₦296K (~$780) on Bitcoin purchases.

Zebpay tweeted:

1/2 Dear user, we have put temporary buy limits of Rs 50,000 per day due to the shortage of bitcoin stocks.

— zebpay (@zebpay) May 25, 2017

The specific situation was no different at other Bitcoin exchanges. Coinsecure, certainly one of India's leading exchanges was down, citing the exponential growth of users causing strain on the Company's systems. The organization expects the downtime to carry on over the following few days. Visitors to the internet site were greeted with the next message.


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Bitcoin Price all time high: ₦1.7 Mln ($4,500) In S. Korea As Uptake Race Continues

South Korean Bitcoin traders are facing high prices of ₦1.7 Mln ($4,500) as the virtual currency's price continues to skyrocket.  Order books from domestic exchange Coinone list a current price of 4,254,000 won ₦1,44 Mln ($3805), with a 24-hour most of 5,025,000 ₦1.71 Mln ($4494).

Bitcoin Price Clocks ₦1.08 Mln ($2,850) in S. Korea, Extreme Premium

Bitcoin price reached ₦1.08 Mln ($2,850)  in South Korea on May 23, as a result of rapidly rising demand for Bitcoin and other digital currencies such as for example Ethereum's Ether (ETH).

While arbitrage opportunities in South Korea always existed because the launch of Korbit, Coinone and Coinhumb, the three leading Bitcoin exchanges in the united states, the premium rate rarely went past 10 percent.

Bitcoin ‘Will Be Worth ₦390 Mln ($1 Mln) In 10 Years’: Swiss-Based Bitcoin Wallet Xapo, CEO

Swiss-Based Bitcoin Wallet Xapo CEO Wences Casares has made one of the most bullish Bitcoin price predictions yet at the Consensus 2017 conference in New York.

In comments at the big event, Casares forecast one Bitcoin being worth an enormous ₦390 Mln ($1 mln) in 10 years'time, taking attendees by surprise.

Bitcoin Price Breached ₦795K ($2,087), Hiits ₦895K ($2,350) in Japan and South Korea

Bitcoin price established its new all-time high at ₦795K ($2,087) earlier today after surging past its previous all-time high set at ₦781K ($2,050), with demand toward Bitcoin rising from institutional investors in the US, Japan and South Korea.

During the time of writing, Bitcoin will be traded in Japan and South Korea, the next and third largest Bitcoin exchange markets on the planet, at around ₦895K ($2,350), at an 11 percent premium in accordance with the global average Bitcoin price and the purchase price listed by US-based Bitcoin exchanges.

Bitcoin Price hits ₦760K ($2,000), Speculators Coin-Flip What Comes Next

Bitcoin price finally breached the much anticipated ₦760K ($2,000) line, sending excitement through the entire burgeoning global cryptocurrency community. As early as five a.m. GMT+2 on Saturday, CoinMarketCap listed the pacesetter of digital currency for ₦765K ($2014) with almost ₦129B ($34 mln) Market Cap.

The ₦760K ($2,000) lane has been expected for quite a while now nonetheless it intensified three days ago when Satoshi Nakamoto's brainchild stabilized at the $1,800 range. On Friday it managed to get to the ₦722K ($1,900s) further increasing the ₦760K ($2,000) price obsession.

Bitcoin Price at ₦736K ($1,934) All-Time High, Led by US, Set to hit ₦762K ($2,000)

After maintaining a solid momentum for three straight days, Bitcoin price has established a brand new all-time high at ₦736K ($1,934). This is brought about by the US Bitcoin exchange market and the rise in demand for Bitcoin amid severe political uncertainty.

Bitcoin Reacts to Trump Troubles Lead,US Uncertainty as it Surpasses ₦709K ($1,820)

 After peaking at ₦709K ($1,820) Bitcoin price stabilized in the ₦709K ($1,820) region earlier on May 18. The recent surge of Bitcoin price is apparently largely afflicted with the economic uncertainty of the US, due to troubles surrounding the Trump administration.

Donald Trump sent jitters down the spine of the world's political and financial elite from the day of his inauguration when Bitcoin price immediately shot upward.

Keep Bitcoin For Impending Global Market Crash

Mike Maloney, the founder of Ex-metals broker GoldSilver.com, has suggested that owning cryptocurrencies such as for instance Bitcoin is one of many answers to how to safeguard yourself against a shift in the global monetary system.

He says “something big and very dangerous” is coming ahead extremely fast and it needs everyone to be prepared.

Bitcoin Price may Hit ₦1,1M ($3,500) This Year - Major Bitcoin Exchange Executive

Sandeep Goenka, the co-founder of Zebpay, certainly one of India's three leading Bitcoin exchanges, believes that Bitcoin price may reach ₦1,1M ($3,500) by the conclusion of 2017. Despite several setbacks, Bitcoin price has maintained a solid rally within the last few months. While Bitcoin is struggling to re-enter the ₦568,351.97, ($1,800) region after it experienced a correction on May 11, on a regular basis Bitcoin price has still manage to record a 30.8 percent surge, increasing from around ₦371,087.71 ($1,176) in April 16 to ₦536,436.31 ($1,700) on May 16.

WannaCry Ransomware: US-Led Ploy to Donwgrade Bitcoin?

Our Correspondent Ifafunke Balogun, the Sage of Shoreditch, reports on the WannaCry ransomware outbreak and why things don't really add up.

It may come as no real surprise the supply of the ransomware was the trick services of the United States – NSA. Apparently, these were also hacked and the malware that targets Windows was taken.

Bitcoin reporting By MSM As a result of WanaCrypt0r As Bias Fades

Bitcoin has turned into a central focus of mainstream media all around the world after the international WanaCrypt0r 2.0 cyberattack.

As companies and institutions continue steadily to see the results of the ransomware exploit, that used a Windows vulnerability to get control of tens of thousands of computers, media sources are focusing - sometimes erroneously - on Bitcoin itself.

Misinformation

Bitcoin Becomes MSM Scapegoat as NSA-Derived Ransomware Rocks 99 Nations

A global ransomware attack based on a leaked NSA tool successfully breached into 100,000 computer systems and servers across 99 countries. During the 1st day of the attack, the focus was set on Bitcoin instead, which had minimal involvement in the ransomware attack, as opposed to the utilization of an NSA tool developed using taxpayers'capital.

Bitcoin Set To Become ‘Just Like Money’ In Australia July 1

 

 
Australia has officially confirmed it'll treat Bitcoin “exactly like money” from this season and it will not be susceptible to double taxation.

In its budget summary for 2017-18, the government states that included in its intend to “ensure it is easier” for digital currency businesses to work in the country. It'll make certain that nowhere in the supply chain is general sales tax (GST) paid a lot more than once.

Impressive: ₦3,1M ($10K) Bitcoin Investment in 2010 Now Worth ₦63.2B ($200M), Gold ₦3M ($9K)

Both Bitcoin and gold are thought prominent stores of value and safe haven assets. However, in the last seven years, one experienced a meteoric rise with regards to market cap, user base and value, while the other didn't meet the expectations of its investors.

What is #Bitcoin and how it changed notion of money permanently

A revolution of sorts, bitcoin is a currency system centered on Mathematics, and hence, is wholly without authority and the commodities of the physical world.

What's Bitcoin and how it changed idea of money forever ?

Esubiyi Esuseniyan

CEO and Co-Founder, BuyBitCoinInNigeria

For a long time, all of the world's currencies have already been at the mercy of either commodity or political authority, until 2009. That has been the season when someone underneath the pseudonym of Satoshi Nakamoto introduced bitcoin to the world.

First time in History: Bitcoin Value Skyrockets to New Record-Breaking $1,700

BuyBtcoInNigeria - Lagos For the first time in history, bitcoin has topped $1,700 in value. This is a 85-percent gain in the cryptocurrency in 2017, and a 43-percent gain in value in only one month.

Since May 2016, market capitalization on bitcoin has nearly quadrupled, from $7.16 billion in May 2016 to $27.9 billion today.

Major drivers of the trend were Japan allowing bitcoin to become legal tender in the Land of the Rising Sun (albeit with lots of oversight), and Russia's announcement that they'd rule on cryptocurrency legality in 2018.

Bitcoin Market bags $1Bln on a Daily basis: Buy BitCoins in Nigeria Blog, others Explain Why

On Friday, Bitcoin has added over $1 bln to its market cap, repeating the pattern of recent days.

Since the month started, its market cap had risen by an average of $1 bln per day for the past five days according to BuyBtcoInNigeria moving from about $21 bln on May 1 to $26 bln on May 5.

Whether this is sustainable would be determined by the market in the coming days. Thus, it falls within the premise of the discussion that the Bitcoin market is still small, its potential is huge and it has a long a way to go in terms of reach and adoption.

Recent comments by some industry insiders support this viewpoint.

Bitcoin may hit $2000 as More Serious Mob of Investors Get Involved

Besides the longstanding conflicts in the Bitcoin community and the recent upsurge in the capital outflow to other cryptocurrencies, do you consider $2000 seems a certain range that may have been reached right now?

Bitcoin's life Span

The purchase price had almost closed in on $1,300 ahead of the March 25 struggle within the scalability issue which dropped the purchase price to $908. That is quite understandable as an issue to cause panic on the market and hinder the flow of interest.

Meet Top 10 Richest Bitcoin Millionaires

Digital cryptocurrency Bitcoin was completely underground when it was launched in 2008. The notion of a strictly digital currency not centered on fiat was considered before, but Bitcoin was the first mainstream execution of the concept. Bitcoin became a worldwide sensation when its value hit $1000 in 2013. Early adopters and investors in the currency became Bitcoin millionaires as a result.

Continue reading after the jump break

'Digital Gold': Cryptocurrencies Skyrocket as Investors Swap Dollars for Bitcoins

Cryptocurrencies are gaining in value because many see them as a brand new form of digital investment that have advantages over the USD as well as gold, Economic Historian Dr. Garrick Hileman told revealed to BUy BitCoins In Nigeria Blog.

The price of Bitcoin was soaring to new highs during trading the other day, amid an upsurge in demand. In line with the CoinDesk Bitcoin Price Index (BPI), it broke through the $1,500 barrier  for the first time on Thursday; trading on Saturday has reached $1,550 so far.