Binance's CEO Made A Serious Bitcoin And Crypto Warning - News Summed Up

Binance's CEO Made A Serious Bitcoin And Crypto Warning


The bitcoin price has climbed over 200% so far this year, rising from around $3,500 per bitcoin at the beginning of the year to highs of almost $14,000 as bitcoin and cryptocurrency fever returns after sweeping the world in late 2017. According to CZ, retail investors still account for about 60% of trading volume on Binance, about the same percentage as last year, though both have increased. Earlier this month Malta-based Binance allowed traders to borrow up to three times their deposit, while rival bitcoin exchange Bitfinex is allowing loans of 100 times deposits. There will be more trading volume and potentially higher volatility." Others have suggested the fast-approaching next bitcoin halvening, where the number of bitcoin tokens awarded to miners will be cut by half, could cause a "supply shock" in the market.


Source: Forbes July 15, 2019 00:35 UTC



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