Last year had been great for cryptocurrencies, especially Bitcoin that has recently hit USD 20,000 last December before crashing down to USD 11,000 and then reaching back the USD 13,500-15,000 mark currently. Presently, the price of Bitcoin has reached USD 11,381 due to the pressure of regulations from South Korea and China and because of the rumors that government may ban cryptocurrencies. Nonetheless, not a single day passes by when one doesn’t hear something about cryptocurrencies in mainstream media. Bitcoin cynic believes that it is just overhyped and the bubble is slowly popping while its supporters believe that it is one of the major innovations in a long time and its downfall is just a temporary delay. The recent introduction of Bitcoin at Chloe Global market and Chicago Mercantile exchange has surely made it easy for the Hedge funds and capital to get into the markets and bet against the Bitcoin. Crucially, a path has been created to smash the chasm and move in the direction…
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