Experts do not stint on forecasts about bitcoin, the world's most popular cryptocurrency. Some predict it will soon collapse, calling it a bubble, while others forecast amazing growth prospects for it. However, after the price of bitcoin has smashed through $5,000 recently, some economists' recommendations are worth listening to. It is possible that bitcoin price could skyrocket to $6,000 and even higher. Let's consider some factors that could contribute to this scenario.
Bitcoin seeing unprecedented surge in interest
Digital assets that compose the global cryptocurrency ecosystem have very well progressed in terms of carving out their own individual niches. Initial coin offerings (ICOs) are taking place all over the world. Vast amounts of money are being spent on cryptocurrencies. Bitcoin have not lost interest in it even on the back of the Chinese government clamping down on virtual currency activity.
Safe-haven asset
According to experts, the financial crisis will not ruin the most popular cryptocurrency. Bitcoin is considered a safe-haven asset, not affected by traditional market factors.
Wall Street embracing bitcoin
Big Wall Street firms have embraced bitcoin. However, there are also some that are not cryptocurrency fans. Still, they are about to become a minority.
Bitcoin Gold being rolled out
The bitcoin blockchain is set to hard fork and create a new cryptocurrency called Bitcoin Gold (BTG) by late October – early November. Existing private keys holding a Bitcoin balance at that time will be credited with the same amount of Bitcoin Gold.
Following his election victory, Donald Trump, a billionaire himself, once again decided to include prominent magnates in his administration, as he did during his first presidential term. As a result, Trump's current cabinet features seven billionaires, making it one of the wealthiest in US history. Let's find out who these billionaires are and the roles they have been assigned.
Not long ago, the United States held a presidential election, where Donald Trump emerged victorious. Today, he is recognized as the wealthiest American leader in the country's history. Let's take a closer look at other former US presidents who also achieved significant financial success.
