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Bitcoin Hits $1600 for First Time: Could Reach $4000

Written by:
Guest
Published on:
May/08/2017

The cryptocurrency Bitcoin has seen its price shoot up to $1600 on Monday trading, the highest it has ever been.

BetOnline
BetOnline now accepts Litecoin - BetOnline now accepts Litecoin - BetOnline now accepts Litecoin

The recent price rise has been driven by positive developments around the underlying technology with rival cryptocurrency litecoin, according to CNBC.

Bitcoin is "fully valued" and could see a pullback in the short term after hitting $1,600 for the first time on Monday, according to one investor, but the price could go as high as $4,000 over the next 14 months.

In the last 30 days, Bitcoin has risen over 33 percent.

Over the past year, Bitcoin has become the number one deposit and withdrawal option for most North American-facing online gambling websites.  Most now require their affiliate partners to accept funds exclusively using Bitcoin.

CNBC has more on this week’s Bitcoin developments.

- Aaron Goldstein, Gambling911.com

Business/Financial News

No Retail Crypto-Wide Bull Run Likely for Rest of 2020

No Retail Crypto-Wide Bull Run Likely for Rest of 2020

Joel Birch, co-founder of automated crypto investing platform Stacked, says crypto prices may still be weighed down by a difficult global economic atmosphere.  His remarks come as the Covid-19 pandemic continues its stranglehold across the globe with a second surge now occurring in Europe.

How Can I Bet Online From South Africa Using Bitcoin

How Can I Bet Online From South Africa Using Bitcoin

Many folks opt to gambling online with sites licensed outside the country of South Africa using Bitcoin and other cryptocurrencies.  Bitcoin transactions take place in under a few hours and are even available during weekends, all with extremely low fees.  It is important to stay clear of the so-called “Bitcoin Revolution South Africa”.

How Can I Bet Online From Holland Using Bitcoin

How Can I Bet Online From Holland Using Bitcoin

Many folks opt to gambling online with sites licensed outside the country of Holland using Bitcoin and other cryptocurrencies.  Bitcoin transactions take place in under a few hours and are even available during weekends, all with extremely low fees.

What is the Easiest Way to Buy Bitcoin Over the Internet?

What is the Easiest Way to Buy Bitcoin Over the Internet?

LocalBitcoins.com is an easy way to trade bitcoins person-to-person in an easy, fast, and secure way worldwide, most countries.

How Can I Gamble Online From New Zealand Using Bitcoin

How Can I Gamble Online From New Zealand Using Bitcoin

Many folks opt to gambling online with sites licensed outside the country of New Zealand using Bitcoin and other cryptocurrencies.  Bitcoin is highly accepted here.  The nation became the first to legalize salary payments by Bitcoin.

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