27 Oct '16, 3pm

Ethereum to Become World's Best-Performing Currency in 2016, Bitcoin Second

It's safe to say that Bitcoin will not match Ethereum’s growth this year, but it is easily beating last year’s market value performance. Bitcoin started the year with a price of $427.23. With over two percent increase yesterday, Bitcoin is currently trading north of $670 ($673.15 as of this writing, according to Bitcoinaverage .) That represents a 57.56% increase in 2016 alone. Bitcoin’s current market cap value is approx. $10.7 bln. Granted there are still two months left in the year, and in the world of Bitcoin, anything can happen. China is virtually in control of the entire Bitcoin market, but that is the reason one should be confident that Bitcoin’s value will not backtrack. Unless the entire Chinese economy has a recovery in the next sixty days, their speculators will continue moving out of Yuan/Renminbi and into Bitcoin, as their currency devaluation continues. The ...

Full article: https://cointelegraph.com/news/ethereum-to-become-worlds-...

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