Bitcoin seems keeps on going down to its collapse.
Bitcoin is not recovering much from its plummet months ago and the question remains will it recover or not anymore. Well renowned businessmen and investors are distancing away from bitcoin just like Warren Buffet who deeply hates the crypto currency world even when interviewed he consistently states that he will never go to Bitcoin.
The main problem with Bitcoin is hacking. If the storage with Bitcoin codes are hacked then it could be gone in seconds unlike real money are always govern by big financial institutions like Bangko Sentral in the Philippines and recovering an amount from hacks or from downfall in market value there are security methods that assist its recovery.
But South Korea and Japan have introduced cryptocurrency and blockchain-related legislation to govern the crypto and blockchain industries as legitimate sectors in their respective countries.
The government of Uzbekistan has decided to legalize cryptocurrency exchanges as well, initial coin offerings (ICOs) and digital asset mining.
As billionaire investor Mike Novogratz previously said, it is entirely possible that the next long-term rally of cryptocurrencies will be led by institutions like pension and hedge funds, given that robust custodian solutions are likely to see adoption in the months to come.
But for me investing in real Gold than Bitcoin is much wiser! Gold in the entire history of mankind since the Egyptian time never fails nor plummets in value far better than Bitcoin, Real Estate or US dollar investment combined. – Admin Jules J.
