Archives for July 2017

July 2017 - Page 8 of 23 - Money Morning - Only the News You Can Profit From

Why the Bitcoin Price Is Destined to Hit $5,000 This Fall

The Bitcoin price made big gains – as much as 60% – as a solution to the cryptocurrency's long-running scaling debate suddenly attracted a consensus.

Bitcoin miners gave a proposal that would squeeze more transactions into each block 93.8% support. The break in the two-year impasse sent the price of Bitcoin soaring.

The scaling debate isn't quite over yet though, as there's a phase two to this proposal coming in November.

But the approval of this proposal could push the Bitcoin price to $5,000...