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Bitcoin is Close to Being the Global Currency

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follow the latest news and price to oil from different sites most famous technicals /Randall W. Forsyth by 2017-01-07 at 1:4

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The Growing Threat to Global Trade: a Currency War

The Growing Threat to Global Trade: a Currency War*/

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Bitcoin is Close to Being the Global Currency

Bitcoin is Close to Being the Global Currency*/

The last 12 months have solidified bitcoin’s crucial role in the global economy.Investors and traders have relied on the digital currency to protect their wealth and avoid economic and financial crisis resulting from excessive government monopoly over current monetary systems.Indian government’s decision to demonetize 500 and 1,000 rupee banknotes led to one of the worst economic disasters in recent history, essentially halving the economy’s cash circulation and causing a nationwide financial turmoil.
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Bitcoin Price Soars, Fueled by Speculation and Global Currency Turmoil

Bitcoin Price Soars, Fueled by Speculation and Global Currency Turmoil*/

Still, most of the people actually buying and selling Bitcoin these days are coming from a single country: China.Price of a Bitcoin $1,000 800 600 400 200 0 2013 2014 2015 Tues. 2016Some wealthy Chinese have used Bitcoin to evade their government’s strict controls on moving money in and out of the country, according to Bitcoin specialists in China.But the heavy trading on Chinese Bitcoin exchanges, much of it by automated software, suggests that most of the price movement is a result of bets by speculators.
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