But all things that go up must come down, right? Perhaps, but some believe we are seeing just the start of bitcoin\u2019s rise. According to Ronnie Moas, founder of Standpoint Research, serious investment money will mean the currency is about to climb even higher.<\/p>\n
“What’s happening is the floodgates are opening,” he told CNBC on Monday. “I believe there are hedge funds and very deep-pocketed individuals going into this now, really hundreds of millions of dollars.\u201d<\/p><\/blockquote>\n
Moas added there was good reason to question traditional rules of economics. “You can’t look at this as a normal situation,” he said. “We’re in an industry that will probably go from $140 billion to $2 trillion and the bitcoin price will probably move with that.”<\/p>\n
Others aren\u2019t so sure. Jeff John Roberts, writing in Fortune<\/em>, notes that the currency is prone to spectacular crashes, which often followed so-called \u201chype cycles.\u201d<\/p>\nJust like the one he believes we\u2019re experiencing now.<\/p>\n","protected":false},"excerpt":{"rendered":"
The value of a single bitcoin surged past $4,000 on Saturday, and continued to climb on Monday, reaching $4,300 at the time of publication. This new all-time high is amazing news for users of bitcoin casino sites, because it means they\u2019ve been winning in their sleep. In fact, someone who invested $100 to buy about […]<\/p>\n","protected":false},"author":42,"featured_media":56641,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,1],"tags":[],"acf":[],"yoast_head":"\n
Bitcoin Gamblers Hit Jackpot as BTC Value Climbs Past $4,000<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n