Many people are doubtful when it comes to the capacity of the bitcoin to reach a very high price value. Looking at how things are nowadays, it is not impossible for this to happen, contrary to what other people think. The financial world is stirring because of many factors and it is only evident that more and more problems are rising to the surface. All of these unfortunate events mean good news for the bitcoin economy though there is no assurance.
Though many of the people are already thinking that the United Stated has risen from the recession, which might not be true. The Federal Reserve has already increased the interest rate which is good news but the problem still remains without solution. Compared to how things are in the years 2008 and 2009, things are looking up but the United States economy still has a long way to go to ensure that the situation is better.
In an interesting light, the value of the US dollar has gained a positive improvement and it has decided to remain so for quite a while now. With that in light, when the value of the US dollar improves then this means there is no good news for the global market. It has only been a few months since the price of oil has taken a tremendous hit and this is due to the riding value of the US dollar currency. When dollar is rising, many emerging markets are also placed in bad positions. If the trend does not change, there is a big possibility that the corporate hits will also be receiving some bad news on their end.
Many people have already taken interest as to the tactic of the Chinese government which is to continue to decrease the value of Yuan. This is a step in order to burden the Western part with deflation. With all the drama going on in the world market, everything is looking good for the bitcoin network. It has been standing alone and holding up its end. The value is still high and is expected to rise in the coming months.