US Accepts Cryptocurrency, Bitcoin To Hit $50,000 This Year

Here is the latest report that finally crypto market and bitcoin are getting positive signals from the government officials of United States.

In past few weeks, Bitcoin saw a plunge of almost 75% in its value that led to numerous speculations such as a burst of bitcoin bubble etc.

But it seems Bitcoin is again ready to see a new high and this time it might reach galaxy for sure considering the United States and India, two major democratic countries are showing a positive attitude towards the whole crypto market.

In a recent US Senate hearing held Tuesday the U.S. Senate Committee on Banking, Housing, and Urban Affairs, it came out more as a positive sign for the crypto market as it seems the US is also showing the same stand on Bitcoin like Indian government.

They are also looking to stop all the frauds and Ponzi schemes running behind the veil of Bitcoin and blockchain technology, at the same time find more substantial ways to regulate crypto and blockchain technology in a matured way.

This whole development gave sufficient signal to all the market experts out there to make fresh predictions on Bitcoin’s future price. In a recent CNBC article, Cryptocurrencies could go on a bull run greater than last year and pass the trillion-dollar value mark, Jamie Burke, CEO at Outlier Ventures said.

Addition to this, Technological advancements and new investor products could push bitcoin to $50,000 in 2018, Thomas Glucksmann of Gatecoin told CNBC.

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