Recently i was talking to a partner of mine who wanted to invest in bitcoin. After a small chat about the recent developments in the market palce we ended up discussing the current rally in the price of bitcoin. He being a bit more technical than I am, we ended up talking about the demand and supply curve and whether or not it was a good time to invest.
We ended up agreeing that the rising price of bitcoin definitely signals an increased confidence in the digital currency but only time will tell where this ship can go. Many analysts think that there is still a lot to be done but are optimistic for higher prices in the future!
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