For Bitcoin the 2nd half of year 2019 has been very harsh. From June onward we have seen a consistent decline in the value of Bitcoin , with a collapse of nearly 50 percent, Currently the Bitcoin is trading around $7,000 and has declined from peak value of $14,000.
Mark Dow, hedge fund manager last month wrote that he expects for Bitcoin to “die a grinding death". Iinvestor Peter Schiff, echoed similar intentions and is of the view that BTC will fall as low as $1,000 in coming months. Analyst Philip Swift noted .On the other hand China a report has surfaced terming China leading in bitcoin mining. The leading BTC companies like Bitmain, F2Pool and Canaan, are all based in China.Xi Jinping, Chinese President has also shown interest of country in Block Chain development. So for year 2020 many Bitcoiners eyes on China's adoptation of this new technology.
Mark Dow, hedge fund manager last month wrote that he expects for Bitcoin to “die a grinding death". Iinvestor Peter Schiff, echoed similar intentions and is of the view that BTC will fall as low as $1,000 in coming months. Analyst Philip Swift noted .On the other hand China a report has surfaced terming China leading in bitcoin mining. The leading BTC companies like Bitmain, F2Pool and Canaan, are all based in China.Xi Jinping, Chinese President has also shown interest of country in Block Chain development. So for year 2020 many Bitcoiners eyes on China's adoptation of this new technology.
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