It’s gon’ rain!…Bitcoin. Cryptocurrency is starting the new year off with a storm of gains.
Bitcoin is currently up about +22% for the year and priced just under $9,000.
- Bitcoiners are feeling better after the digital coin’s strongest yearly start since 2012.
- The Chicago Mercantile Exchange is adding Bitcoin options – eye of the storm?
Even the Altcoiners. Owners of the other top-100 non-bitcoin cryptocurrencies like ethereum can also breathe relief with early 2020 gains around +20%.
How does it affect my wallet?
Cryptonite. A technical change to the mining of bitcoin will hit the world in May. This is huge for the crypto community.
- The change is called “halving” – it means that the supply of bitcoin flowing into the global market will be sliced in half.
Optimism is high. We’ll have to wait and see, but one expert even predicted a BTC price of around $16,000 by the end of the year.
Bitcoin is a strange beast; here are some things you should know before buying.
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