After a nasty correction, Bitcoin is back big time. The “people’s currency” has gained close to 1.54% in the last seven days alone, stabilizing around the $9,000 mark. That’s close to 50% up from its recent lows, an encouraging sign for Bitcoin bulls.
Will the digital currency ever reach and beat the old high? Some experts think so, provided that three things go in Bitcoin’s way. The first thing is higher Bitcoin adoption rates as a store of value and as a medium of exchange, two functions common among conventional currencies. That, in turn, will take a better security infrastructure.
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