Will Bitcoin Bounce Back?

Posted by David Jagielski

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Bitcoin has been doing very well in 2019, as the cryptocurrency has already more than doubled from around US$4,000 at the start of the year to Monday getting close to US$11,000. It’s a big recovery. Many people thought that Bitcoin was dead after crashing in 2018 after peaking at around US$20,000 in late 2017. Concerns about safety and security have had disastrous impacts on the adoption of the digital currency, especially with companies banning it and making it hard for prospective investors to learn about it.

However, since mysteriously receiving a big order this year, it’s been gaining traction and made a good recovery. While it still has a long way to go to getting back to its previous highs, there’s definitely interest in crypto again, and it’s even more impressive now that it has been able to rise given the obstacles that Bitcoin still faces today….CLICK for complete article