With Bitcoin valuation just off all-time highs bouncing near $1,200, Casino Holdings Inc has announced their acquisition of Bitcoin.Casino.
Online PR News – 24-February-2017 – With Bitcoin valuation just off all-time highs bouncing near $1,200, Casino Holdings Inc has announced their acquisition of Bitcoin.Casino.
Reflecting an increasing confidence in the cryptocurrency, the news of the acquisition comes during a surge of apparent front-running for bitcoin shares amidst speculation the US Securities and Exchange Commission is likely to approve at least one bitcoin exchange (the Winkelvoss Bitcoin Trust ETF decision is on March 11th). This follows the recent news of bitcoin wallet Xapos approval by Switzerlands Financial Market Supervisory Authority last month.
No longer a cryptocurrency of pure speculation, bitcoin is increasingly becoming more mainstream, with companies the likes of Apple, Home Depot, Zappos, Subway, Paypal and Microsoft accepting bitcoins. Regulated online gambling destinations are doing the same, as Bitcoin becomes the preferred currency of choice for online casino operators and players alike.rnrnBitcoin value has increased by 175% in the last year, more than doubling from a 2016 starting price of $400. In late 2013, Bitcoin briefly exceeded $1,200, but that bubble burst and the price dropped shy of $250.
However, technology sites and investment analysts like TechCrunch and Investopedia have cited credible reasons why this time around the rise in bitcoin value is different, the most obvious being that 2013s bubble was the result of deceitful trading practices. This time around, there has been no evidence of price manipulation. Furthermore, 2016 saw more stability as the price rose steadily with less volatility, while the bitcoin mining network and numbers of exchanges have grown exponentially since 2013.rnrnOften considered to be digital gold, bitcoins role as an alternative safe haven asset is now being rethought as its valuation rise is starting to fall in line with recent surges on financial markets like the S&P 500 NASDAQ and Dow.
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