Bitcoin: The New Fashion of Wall Street

Bitcoin, Wall juniorbi As with everything, fashion is followed in investments. In the 1970s, every word ending in ‘tronic’ was quite fashionable. In the late 1990s, ‘.com’ attracted a lot of attention. Now, according to Bloomberg, companies are embracing digital technologies and Bitcoin is the newest trend on Wall Street.

Overstock and Goldmoney

This week’s review is based on different companies adopting digital technologies. . These companies were companies that had significantly increased their shares, thus increasing their market value.

Overstock, led by Patrick Byrne, increased its market capitalization by $137 after announcing its digital currency trading platform. Goldmoney, which empowers its customers to trade and keep cryptocurrencies in secure wallets, rose 15% in the news.

The Upcoming Revolution

Price fluctuations show that investors in the market rely on Blockchain-based cryptocurrencies and they are an important part of the market. they think will have an effect. Just like in the .com fashion before.

Investors are in a race in the market where the gains can be big. However, the implicit risks and technical barriers associated with digital currencies have put increasing pressure on investors.

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