BTC Traction

BTC accepted here

This morning Bitcoin cracked $700 U.S. – advancing from $450 about a month ago.

Large buying in China as a means of transferring funds out of the country and a hedge against currency devaluation is credited for the advances, as well as the anticipated “Halving Event” toward the end of July – a built in software limitation to the number of BTC coins that can be created.  This will top out at 21 million coin somewhere around 2030.

 

 

 

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