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Bitcoin: A better version of Gold, blasts past US $51,000

Bitcoin has in recent time compared to be way better and valuable than gold. This comes as a result of the rise in prominence of Bitcoin in the Digital Currency Market.

Users of Bitcoin all over the world have had their say on the digital currency, its rise, security, merits and demerits. Financial institutions are not left out of the discussion as well, including popular entrepreneurs and celebrities. While most are very positive and optimistic about Bitcoin, others are apprehensive of the consequences of its rise to the capital market.

Countries of the world continue to adopt and strengthen trade in bitcoins and Crypto currencies, like the US, South-Asia particularly Vietnamese and Filipino, Turkey, Peru and even Nigeria has shown no sign of slowing down in recent times.

According to CoinTelegraph; “Adoption in the country shows no signs of slowing, with demand for crypto assets booming among Africa’s largest population despite the Central Bank of Nigeria enacting a ban on banks providing financial services to crypto exchanges in the past fortnight. On Feb. 17, Cointelegraph reported that BTC was trading at a 36% premium in Nigeria.”

CoinTelegraph

Read Also: CBN adviced; Regulate Cryptocurrency transactions rather than banning them.

Notable figures also had their say in the subject as shown below:

As reported by Bloomberg; ‘Nexo co-founder and Managing Director Antoni Trenchev discusses the factors behind Bitcoin’s record-breaking rally and the impact of rising U.S. inflation on the cryptocurrency’s value on’ “Bloomberg Markets.” Click here to read the report

Also, @Elon Musk has this to say about bitcoins too; “I think at this point that Bitcoin is a good thing. I’m late to the party but I’m a supporter of Bitcoin. And I think Bitcoin is on the verge of getting broad acceptance by conventional finance…”

Gotten from an extract of @iamdamilosky on twitter.

Do you still think this is only a bubble or do you think people should take it more serious? The market may be volatile, but it continues to trend up. You might want to make your stand today. What would that be?

Izzygong

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