Bitcoin

Is bitcoin safe yahoo

This digital cryptocurrency belongs nowhere near your is bitcoin safe yahoo. Helping the world invest better since 1993.

Will Social Security be there for me? Save for College or Retirement? Time to Retire, Now What? Should I Reverse Mortgage My Home?

Should I Get a Long Term Care Policy? How Much House Can I Afford? What Info Should I Keep? Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Should I reverse Mortgage My Home? Chances are, you’ll have a hard time finding an investment that’s outperformed marijuana stocks, unless you’ve been keeping your eye on the digital cryptocurrency bitcoin.

In fact, over the past 60 trading sessions, the price of the digital currency has risen three-quarters of the time. Why is bitcoin soaring as much as it is? It’s tough to say with any certainty given the decentralized nature of the currency, but it could have to do with a few key factors. To begin with, bitcoin’s visibility is growing.

Another key point is that Japan declared the cryptocurrency to be legal tender earlier this year. As with other currencies, it meant bitcoin exchanges would have to comply with anti-money-laundering regulations in Japan, but it also opened the door to new investors and helped legitimize bitcoin as a potentially valid form of payment. We may even be able to point to President Trump and his cabinet for bitcoin’s astronomical rise in recent months. Trump has favored a weaker U. However, a weak dollar could also send investors scurrying toward finite assets that hold their value, like gold, and perhaps even bitcoin. Likewise, the cryptocurrency’s rise could be fueled by support from members of Trump’s Cabinet, including budget director Mick Mulvaney, who’s been nicknamed the “bitcoin congressman” by some bitcoin supporters. A man in a suit holding his hands up as if to say “No thanks.

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