Bloomberg Report: Bitcoin Topped All Other Currencies In 2016
Bitcoin gained more value than all other currencies in 2016, according to Bloomberg, driven by China’s crackdown on the yuan, isolationist rumblings in the U.S. and the U.K,. and increasing acceptance by consumers and businesses. Bitcoin’s price surged 79 percent since the start of 2016 to $778, its highest level since early 2014, data compiled by Bloomberg indicated. That quadruples the gains posted by Russia’s ruble and Brazil’s real, the world’s top two hard currencies. Consumers Discover Bitcoin. “There are starting to be consumer uses for bitcoin, and if people have any concerns about....
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Thomas Richard "Tom" Carper, the senior United States Senator from Delaware, told in a recent video interview with Bloomberg that he is very interested in Bitcoin and cryptocurrencies and that: The idea with virtual currencies has some promises. We will get a report on Bitcoin within the next month. In the meantime, virtual currencies are probably not going away, and if they are going to be a reality we need to figure out a way to let them exist to do good - and how to deal with the bad sides of it. Whatch the full interview here. Dec. 19 (Bloomberg) - Senator Thomas Carper, a Delaware....
In its latest monthly “Crypto Outlook” report, Bloomberg outlined the “rising bitcoin adoption tide” with some bullish sentiment.
In Bloomberg Intelligence’s latest report, bitcoin is separating itself from risk assets with increasing HODL behavior and historical patterns suggest a mild down-turn.
A recent article by ZeroHedge regarding potential bitcoin curbing measures by Chinese authorities has raised a number of questions in bitcoin’s community, but Bloomberg confirmed that an article by Steven Yang, Bloomberg’s Beijing correspondent, used by ZeroHedge as a source, is authentic. A spokesperson for Bloomberg told CCN over the phone that the article remains live in their terminals which are accessible to only Bloomberg subscribers and not available on the clearnet. Other industry publications like Singapore’s The Business Times have since reported on the story. Asked whether there....
No one knows what's actually causing the surge accept there is heavy buying and strong volume coming from China. Bitcoin is rallying at the moment with a price of $520 USD on Bitstamp, 3786 CNY on Huobi, and €465 via Kraken at the time of this writing. No one knows what’s actually causing the surge accept there is heavy buying and strong volume coming from China. Will we see a repeat of 2013’s historic rise in the future? Q1 of 2016 was Prosperous! According to statistical reports and Crunchbase, Bitcoin-based companies got $110 Million in Q1 of 2016. Bloomberg and consulting firms report....