Bitcoin is making history: Crossed $1500!

1. Bitcoin is making history: Crossed $1500! The value of the first cryptocurrency, bitcoin, has been climbing upward since the beginning of April. It broke all boundaries and soared past the $1500 mark. Jeremy Liew, the first investor in Snapchat, and Peter Smith, Blockchain CEO and cofounder, believe that bitcoin’s value will go on to reach half a million dollars by the year 2030. Review of bitcoin ETF There are various factors that led to the increase in bitcoin’s price and one of them is the US Securities and Exchange Commission’s (SEC) decision to review the bitcoin ETF by the Winklevoss brothers. The SEC is expected to pass the verdict by the 15th of May. The approval of the ETF will validate the cryptocurrency and increase its value significantly. Japan’s recognition of bitcoin as a legal payment method As of the 1st of April, 2017, Japan legalised bitcoins as a form of payment. This increased the demand for bitcoins in Japan which in turn led to the escalation in the value of ​bitcoins​. About quarter of a million storefronts are getting ready to include bitcoins as a form of payment this summer. Increased acceptance of bitcoin in other countries Russia, who was a staunchly against ​cryptocurrencies​, is now considering turning to bitcoins as a way to tackle money laundering. India is all for going cashless and has now formed a committee to examine the current framework of ​Virtual Currencies​. The expanding acceptance of bitcoins increases the demand for it resulting in increasing value. Rising awareness of bitcoins and growing attention from investors also contributed to the rising bitcoin prices. The bitcoin revolution is peaking and now is the best time to invest in it. Visit @ ​https://www.belfrics.com