New Visa Debit Card will let you Convert Cryptocurrency into Real Money Instantly

The TenX Visa is supposed to convert eight cryptocurrencies including bitcoin, ethereum, ERC20 and Dash (the currency formerly known as Darkcoin). More currencies; presumably including Litecoin are coming according to the TenX website. It is not clear if there is any connection between TenX and China’s Tencent Holdings.

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$54 Billion invested in Cryptocurrencies

There is now $54 billion invested in 600 different publicly traded cryptocurrencies, research by City University of London economist Abeer El Bahrawy indicates. El Bahrawy made that discovery while trying to determine the size and scope of the cryptocurrency market, MIT Technology Review reported

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Bitcoin close to $2,000 is it a Bubble?

Therefore it is highly likely that the bitcoin bubble will last for several years and boost the price of other cryptocurrencies with it. The other widely traded cryptocurrency; ethereum or ether, has seen even bigger growth than bitcoin.

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UN Food Program Adopting Ethereum and Bitcoin

This program has the potential to greatly expand use of cryptocurrency by creating a distribution channel that can be adopted by charities, aid organizations and countries like the U.S. that offer foreign aid. The WFP blockchain can also serve as the basis of a financial network that private companies and banks can use to reach people in developing nations.

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Famed Investor Predicts $500,000 Bitcoin in 13 years

Therefore half a million dollar bitcoin is possible but getting there will be a rocky road. One thing is certain though, volatility is the norm for cryptocurrency prices so get used to it.

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Cryptocurrency’s Crazy Prices, why is Ethereum Surging?

The best answer to the above query is that cash is flowing out of bitcoin and into ethereum. The other is that is cryptocurrencies are so easy to buy and sell it makes them inherently unstable.

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Weird Investments that Might Pay Off

All of these investments are real risky and you’ll probably lose money but you never know. As Benjamin Graham liked to point out Mr. Market is completely insane and he often rewards off the wall investors while punishing conventional thinkers severely.

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Nine Off the Wall Economic and Financial Predictions for 2017

The price of bitcoin might exceed the price of an ounce of gold for the first time. This prediction is not as crazy as you might think. On December 24, 2016, an ounce of gold was trading at $1,136.90 and a bitcoin was trading for $891.75. That means the price difference between Bitcoin and gold is just $352.14. Now consider the fact that Bitcoin doubled in value over the course of 2016, it was trading at $442.50 on December 20, 2015 and $891.75 on Christmas Eve 2016. Gold prices also increased from $1083.50 on December 21, 2016, to $1,137.30 on December 24, 2016. If gold and bitcoin repeat their performance next year, bitcoin will be more valuable than gold.

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Is Apple Pay Finally Coming to Apple?

Apple Pay might have a major new competitor with some intriguing capabilities. A British startup called Plutus has unveiled plans for Plutus Tap & Pay, a payment app that allows a customer to instantly pay with Bitcoin or another cryptocurrency called Ethereum.

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