28 Dec '16, 12am

Geopolitical Turmoil Spurs Bitcoin Investments Worldwide

Geopolitical Turmoil Spurs Bitcoin Investments Worldwide

CNBC’s Kelly also explains how India demonetized 86 percent of the cash within the country. “Bitcoin got demand from that, ” says Kelly referring to last month’s demonetization tactic in India. Furthermore, bitcoin’s scarcity is growing with only 5 million BTC left to mine, Kelly notes. This adds to the speculative value amongst the geopolitical turmoil happening worldwide. With the current demand mixed with bitcoin’s decreasing supply Kelly confirms “it’s not too late to buy bitcoin.” Kelly believes geopolitical reasons surely help the bitcoin price rise but other use cases will be coming in 2017, as well, says the reporter.

Full article: https://news.bitcoin.com/geopolitical-turmoil-spurs-bitco...

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