The cryptocurrency, Bitcoin has not been universally accepted by many traditional investment specialists seeking to downplay the importance of a new way of creating monetary value in the digital domain. A recent report from the BBC revealed a new record had recently been set by Bitcoin with each coin valued in November 2017 at just over $10,000 for the first time in the eight-year history of the development of this new style of currency.
At the start of 2017, it seemed as though the cryptocurrency bubble was about to burst with the cryptocurrency trading in the hundreds of dollars following some criticism from investment specialists and global financial leaders such as those found in the United Arab Emirates. The rise of Bitcoin across 2017 has come at a time when plans to alter many of the ways this form of cryptocurrency was mined and valued which many experts feared may lead to a split in the Bitcoin mining community.
Records had already tumbled for Bitcoin in the Fall of 2017 as the cryptocurrency had reached a then-record $9,000 in value just days before the latest record fell as the overall value of Bitcoin reached its highest level to date. The overall value of Bitcoin on November 27th, 2017 was rated at more than $167 billion for those already mined which is impressive for a form of currency many predicted would fail soon after the first Bitcoin’s were mined.
Despite some traditional investment specialists looking to show their lack of confidence in the rise of Bitcoin the decision by U.S.-based futures trader, the CME Group to develop a futures trading platform base don Bitcoin will provide a further boost to the value of the cryptocurrency. Now accepted on most financial markets, Bitcoin has come a long way from the first attempts to trade the currency which include the purchase of two pizzas in exchange for 100 Bitcoins.
Daniel Mark Harrison is a bitcoin enthusiast. Over the years, he has created a name for himself in the field of crypto-currency. Moreover, Harrison is a shrewd entrepreneur and an author. He has achieved tremendous success in every field where he has invested his time and resources. Many financial magazines speak greatly of him.
Harrison holds a Bachelor’s of Arts degree in theology from the prestigious University of Oxford. He enrolled in the university in 1998 and graduated in 1999. He spent a couple of years building his career before returning to school for his Masters of Business Administration at the esteemed BI Norwegian Business Schools. In addition, he holds a master’s degree in journalism (business) from the New York University.
Besides having a sound educational background, Harrison has created a business empire. The businessman and executive leader is the brain behind Daniel Mark Harrison & Co. Ltd. He incorporated the firm in October 2015. Daniel Mark Harrison serves as the company’s chief executive officer and chairman. The firm has opened new offices in Hong Kong, Bangkok, and Singapore. Moreover, he uses the company to manage estates belonging to him and his family. The quality of the company’s investments has earned it a position as one of the most recognizable global investment companies.
Harrison renders his services for Monkey Capital as the managing partner. The fin-tech firm invests in digital assets and serves investors as a block-chain investment company. It is for this reason that the firm is described as a decentralized digital asset and block chain investment bank. Monkey Capital was incorporated in March 2016.
The investor has been an active contributor to CoinSpeaker. His invaluable insights have helped CoinSpeaker to gain many readers. Presently, almost half a million people read the site monthly. The entrepreneur is also using search engine optimization to make the site available to more Google users. Harrison is also the publisher and Editor-in-Chief of a renowned brand, Marc Rand. This publication is known for unearthing several secrets such as the fact that an FBI undercover agent heads Ku Klux Klan. Over the years, Harrison has been featured on leading media corporations, including Bloomberg and CNN.https://www.crunchbase.com/person/daniel-mark-harrison
Bitcoin, the online currency that gained popularity most recently with new economy businesses and hipsters, is making some serious changes. Chief among them is the decision to cut the supply of bitcoins in half, which means that individual Bitcoin will theoretically increase in value. In order to offset the probable rise in crime with the increased value of individual Bitcoin, the company will also be instituting more stringent policy related to the mining of Bitcoin, which further puts the supply of Bitcoin in danger.
This is a cool development because it signals that virtual currency is something that has staying power. It’s not just a fad. We don’t know if virtual currency is really going to be something that comes onto the mainstream of how we do commerce online, but we now that Overstock.com is already accepting Bitcoin and other company are looking into it as well. It’s certainly a growing and changing enterprise no matter how you slice it.
Virtual currency is interesting, and I’m excited about what it means for all of us. I’ll admit though that no one I know uses Bitcoin, so this development won’t matter to them. It’s just nice to pull out physical cash on the rare occasion you have it, and it’s also nice to pull out a fresh debit card and put it in the special little pocket in the billfold. What do you think?