$BITCOIN GENERATION INC (BTGN.US)$ Bitcoin fluctuated wildly...
$BITCOIN GENERATION INC (BTGN.US)$ Bitcoin fluctuated wildly, falling below the $50,000 mark.
Investors have been pulling back from some of the world's most speculative markets, fearing that central banks could cause trouble by scaling back stimulus. The extent to which bitcoin and the broader cryptocurrency market are at risk is also the subject of much debate among investors.
Vijay Ayyar, vice president of corporate development and international at Luno, a cryptocurrency exchange, said that for Bitcoin in general, there is nothing to worry about for the time being. He added that as long as bitcoin can hold between $48,000 and $49,000, the outlook remains positive.
Investors have been pulling back from some of the world's most speculative markets, fearing that central banks could cause trouble by scaling back stimulus. The extent to which bitcoin and the broader cryptocurrency market are at risk is also the subject of much debate among investors.
Vijay Ayyar, vice president of corporate development and international at Luno, a cryptocurrency exchange, said that for Bitcoin in general, there is nothing to worry about for the time being. He added that as long as bitcoin can hold between $48,000 and $49,000, the outlook remains positive.
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