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Bitcoinu00a0bullsu00a0are not ready for a break yet after hitting above the $7,600 price zone a few hours ago. In fact, at least half an hour ago BTC surged past $7,900. Attaining the $7,920 price. It is clear that buyers have now stepped in. During press time, the crypto is up by at least 5.79% within the past 24 hours.u00a0<br>
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2 Cryptoknowmics is an innovative decentralized platform that serves almost every aspect of the crypto space. It aims to be the top destination and the largest media portal in the crypto world and the all-in-one solution for information and services for the industry. www.cryptoknowmics.com
Bitcoin At Risk Of Being Outlawed In 2020 As World Economies Collapse 3 Over the year 2019, it has become apparent that most economies around the world have stagnated. This has been evident in some of the biggest economies in the world. For example, the U.S, China, Germany, and the U.K. All these countries had a bad year which has shown little positive prospects for the coming year, 2020. This could mean more popularity for Bitcoin which has become a hedge for a bad economy and a poorly performing national currency. But it's not all positive. Some governments might be keen to outlaw Bitcoin in fear that its citizens will seek refuge in it and worsen its economic turmoil. Most experts expect further monetary easing policies in the year to come. Monetary easing has taken place in at least 37 developed Central banks in the last year. This like in 2007 is a sign that the economy is not well. In addition to Central banks easing their monetary policies, it has been reported that their gold hoarding has hit a 50 year high. This year alone, Central banks have accumulated 668 tons of gold. www.cryptoknowmics.com
Emergence Of CBDC Trouble For Bitcoin In 2020 3 Another reason that could see Bitcoin outlawed by several governments is the emergence of central bank digital currencies. The emergence of these currencies is expected in 2020. So far as we have reported, world leaders like China, France, Turkey, South Korea, and Russia will be launching their digital currencies in 2020. In an effort to ensure that their digital currencies are popular and unrivaled we could see Bitcoin outlawed in some of the countries that launch their digital currencies. Regardless of what the governments' stance is, it is clear that the year 2020 will be great for Bitcoin. www.cryptoknowmics.com
Bitcoin Market Update 3 Going into the end of 2019, Bitcoin looks set to end it well above $7K. At the time of writing this, it is exchanging for a little over $7,400. Its next key resistance is $7,800 with a crucial $7,100 support to defend. Source https://www.cryptoknowmics.com/news/bitcoin-at-risk-of-being-outlawed-in-2020-as-world-economies-collapse www.cryptoknowmics.com
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