Bitcoin Hits $1600 for First Time: Could Reach $4000

Written by:
Guest
Published on:
May/08/2017

The cryptocurrency Bitcoin has seen its price shoot up to $1600 on Monday trading, the highest it has ever been.

BetOnline
BetOnline now accepts Litecoin - BetOnline now accepts Litecoin - BetOnline now accepts Litecoin

The recent price rise has been driven by positive developments around the underlying technology with rival cryptocurrency litecoin, according to CNBC.

Bitcoin is "fully valued" and could see a pullback in the short term after hitting $1,600 for the first time on Monday, according to one investor, but the price could go as high as $4,000 over the next 14 months.

In the last 30 days, Bitcoin has risen over 33 percent.

Over the past year, Bitcoin has become the number one deposit and withdrawal option for most North American-facing online gambling websites.  Most now require their affiliate partners to accept funds exclusively using Bitcoin.

CNBC has more on this week’s Bitcoin developments.

- Aaron Goldstein, Gambling911.com

Business/Financial News

Even at Just Over $4000, Bitcoin Still in a Bubble

Even at Just Over $4000, Bitcoin Still in a Bubble

The price of crypto-currency Bitcoin Friday morning was $4357.63.  It had surged to an all-time high of $4500 earlier in the day.

Online Bookie Tips: Customer Service Is Key To Profit

Online Bookie Tips: Customer Service Is Key To Profit

Online bookies can beat their competition with better customer service. Find out how to leverage your customer service to retain clients - and make more cash.

3 Important Things To Consider Before Launching Your Pay Per Head Site

3 Important Things To Consider Before Launching Your Pay Per Head Site

By virtue, if a website is impressive from its looks, it will attract many viewers out there.

Why Should I Use Pay Per Head Online Bookie Software?

Why Should I Use Pay Per Head Online Bookie Software?

Many local bookmakers wonder why they should pay for price per head software.

Paddy Power Blocked From Twitter

Paddy Power Blocked From Twitter

With more than 632,000 followers, the Dublin-based betting firm appears to have violated Twitter provisions. 

Syndicate