Bitcoin Rate On July, 7th: Can The Coin Exceed Its All-Time High?

Bitcoin rate keeps falling on June 7th, 2018.

Let us know that Bitcoin experiences a long period of stagnation after reaching its all-time high in 2017 – $20 000. In addition, the first cryptocurrency did not manage to exceed $10 000 in the first half of 2018.
However, Clem Chambers, CEO of ADVFN, believes that bitcoin is deemed to exceed amazing rates of 2017, but only after its cost drops even lower.

The head of ADVFN – a platform for handling financial data and services – and Forbes journalist equated blockchain and the Internet. He says that blockchain is the future now, as Internet was the future for the previous generation. According to him, bitcoin will become a part of this future in the long term run.
Speaking about bitcoin’s fate, Chambers predicted that the cryptocurrency would exceed its all-time high of 2017 and would move further to reach $100 000.

It was already sais that the governments of various countries are close to reaching consensus regarding the form of control over cryptocurrency.

Delivering his speech in Basel at the general meeting of the Bank for International Settlements (BIS), Hyun Song Shin, economic adviser and head of the research department of the bank, supposed that the cryptocurrency should have been regulated as shares or obligations. US Securities and Exchange Commission (SEC) believes that cryptocurrency should be regulated under the same standards as security trading. Japanese financial regulators tend to believe that cryptocurrencies meet definition of means of payment and they are subject to regulation by corresponding norms.