NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Inside The Value Of Bitcoin

Samuel Rae
Samuel Rae
7 years ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The value of Bitcoin, a cryptocurrency that has gained a lot of attention over the last few years, is hitting new lows every day. This is a far cry from the heady days in 2014 when its value rose by almost double digits every day. Currently, several industry experts are saying the value of this cryptocurrency will continue to fall until the end of 2015.

Although Bitcoin was the preserve of nerds during its early days, it has gained a sizable following in much of the developed world. This is largely because it makes it easy for users to make anonymous transactions especially when buying goods and services online. In fact, this aspect has made it a darling among people who intend to engage in illegal activities such as buying drugs on the dark net. Remember, unlike traditional currencies, Bitcoin is a virtual currency.

This has not stopped Bitcoin proponents from using it to make payments on poker sites. One site that now accepts Bitcoins is the US-based Winning Poker Network. It is worth noting BitnPlay, Burnturn Poker, and Get Lucky Poker are launching as Bitcoin-only online rooms. While Get Lucky is already operational, BitnPlay and Burnturn Poker will start operating by the end of the year.

The Future of Bitcoin

According to a report published by USA Today, the value of Bitcoin has declined by roughly two-thirds in the last six months alone. This fall in value is so unsettling DoubleLine Capital money manager Jeffrey Gundlach has reportedly told investors that he believes Bitcoin is headed towards the ash heap of alternative currencies.

Furthermore, Bitcoin does not have the support of any reputable financial authority. As such, it cannot receive financial backing from a body such as a central bank to prevent further loss of value. As a result, the likelihood of its value sliding further is high.

Even the Oracle of Omaha, Warren Buffet, has warned investors to stay away from Bitcoins. Buffet believes this currency is nothing more than a “mirage.” Bitcoins proponents have countered saying that Buffet is an old man who does not understand technology. This is in spite of his success in buying and selling stocks.

Despite the problems currently bedeviling Bitcoin, some big companies such as Microsoft, Dell, and Expedia have embraced it, meaning consumers can use Bitcoins to buy products from these companies. However, it is worth noting that these companies do not directly accept Bitcoins. Instead, they partner with firms such as Coinbase to turn Bitcoins into hard cash. You can think of companies such as Coinbase as brokers in the cryptocurrency industry.

Conclusion

In general, the future of Bitcoin as a cryptocurrency is at best uncertain. It could decline into a virtual currency used by a few nerds or thrive into a widely used form of settling financial transactions online as well as offline. The latter is the outcome online poker sites hope will materialize. On the other hand, some financial experts believe 2015 is the year talk of Bitcoin becoming a mainstream currency will cease. These experts may have a point because confidence in this cryptocurrency is low.

Reference Source

PokerUpdate.com

Tweet123Share196ShareSend
Samuel Rae
Samuel Rae

Samuel Rae

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Presale Opportunity: The SPY Token Advantage: What Makes SpacePay Crypto Unique?

Presale Opportunity: The SPY Token Advantage: What Makes SpacePay Crypto Unique?

SpacePay is a company in London that wants to make it easy for people to use crypto in everyday life....

ericdunne519 1 day ago
Crypto expert: Bitcoin koers gaat snel exploderen naar $250.000

Bitcoin Open Interest Climbs Above December 2024 Levels, Here’s What Happened Last Time

The Bitcoin open interest has risen rapidly once again, with the price pushing above previous peaks to new all-time highs....

Scott Matherson 1 day ago
Bitcoin Price Rockets to Record High

Bitcoin Price Rockets to Record High — Bulls Celebrate Milestone

Bitcoin price started a fresh increase above the $110,500 zone. BTC is now up over 5%, traded to a new...

Aayush Jindal 1 day ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Bitcoin Price Break Above $118,000 Just The Start, Analyst Unveils ‘Golden Number’

Scott Matherson 3 hours ago
Bitcoin

Bitcoin SOPR Signals More Gains Ahead Despite New ATH – Analyst

Semilore Faleti 6 hours ago
Bitcoin

Bitcoin Dominance Falls: 9 Factors To Watch For That Says The Altcoin Season Has Begun

Scott Matherson 1 day ago

Premium Sponsors

Press Releases

  • ビットコインが11万8,000ドルの最高値を記録する中で注目すべき仮想通貨プレセール

    ...

    4 hours ago
  • 仮想通貨 おすすめ|急騰するDogwifhatとFartcoin、注目の低価格ミームコインとは?

    仮想通貨...

    4 hours ago
  • 新しい仮想通貨価格動向|話題の最新コインの成長可能性

    ...

    4 hours ago
  • アルトコイン注目銘柄|2025年7月第2週に見るべき3銘柄

    ...

    4 hours ago
  • ロビンフッドが1ドルから始めるETHとSOLのステーキングを開始──今注目の仮想通貨投資はこれだ?

    ...

    5 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.