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Bitcoin scores higher while the CEO of Overstock predicts a "revolution" of cryptocurrency

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Bitcoin has risen higher in the last 24 hours, supported by the positive sentiment of the major cryptocurrencies, record-low volatility of two years and bullish comments from the managing director of Overstock, the US Amazonian rival – who started accept bitcoin in 2014.

The Bitcoin and Criptovaluta cards showed a sea of ​​green for the last 24 hours of exchange, with the bitcoin money that added a whopping 13% as a looming fork adds trading volume and the miners join the network to tell them about potential splits. & nbsp; Bitcoin itself added 2% to trade over $ 6,600 for the first time in mid-October.

Bitcoin bull Patrick Byrne, CEO of Overstock, meanwhile said crypto YouTuber Naomi Brockwell we are still waiting for the mass adoption of cryptocurrency and the collapse of the current financial system established.

Bitcoin prices have remained subdued in recent months, as investors and traders are awaiting news from institutional investors and regulators. (Photo by S3studio / Getty Images)

"People turn to it where they collapse, like Venezuela or Cyprus or Syria, something like that," Byrne said . Brockwell & nbsp;"When people start to get in, it's when their financial systems fall in. So yes, since I think the whole modern financial system is a big Keynesian scheme, the magic tree of Ponzi money, I expect that the day will come when people will turn towards the crypt.

Byrne has not committed himself to Bitcoin, the original cryptocurrency that just celebrated its tenth birthday, being the cryptocurrency that would have come out on top, however. & Nbsp;

This year Bitcoin appeared stronger than most other major cryptocurrencies, having lost less of its value from last year's huge run, pushing it to nearly $ 20,000, up from less than $ 1,000 at # 39; beginning of the year. Bitcoin has lost about 60% of its value, compared to about 80% of many other important digital tokens.

In recent months, ripple (XRP) and ethereum have recovered some losses and blocked their outflows.

"If bitcoin is the only one, if bitcoin has solved its speed problems or is another cryptocurrency, only time will tell," Byrne added.

Bitcoin prices rose faster in the last week, adding around $ 200.CoinDesk

Elsewhere, bitcoin volatility has fallen to its lowest level for nearly two years, in contrast to the increasingly shaky US stock index S & P; P 500, which rose to almost seven-month highs since September as investors worry about the Federal Reserve's expected rate hikes and fears about the US trade war with China.

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Bitcoin has risen higher in the last 24 hours, thanks to the positive sentiment of the main cryptocurrencies, record-low volatility of two years and bullish comments from the managing director of Overstock, the US Amazonian rival – who started accept bitcoin in 2014.

The Bitcoin and Criptovalute cards showed a sea of ​​green for the last 24 hours of trade, with bitcoin money adding a huge 13% while a looming fork adds trading volume and the miners join the network to express their opinion on the potential splitting. Bitcoin itself added 2% to trade above $ 6,600 for the first time in mid-October.

Bull Bitcoin Patrick Byrne, CEO of Overstock, has meanwhile told the cryptic YouTuber Naomi Brockwell that he is still waiting for the mass adoption of cryptocurrency and the collapse of the current financial system.

Bitcoin prices have remained subdued in recent months, as investors and traders are awaiting news from institutional investors and regulators. (Photo by S3studio / Getty Images)

"People turn to it where they collapse, like Venezuela or Cyprus or Syria, something like that," Byrne said Brockwell. "When people start to get in, it's when their financial systems collapse, so yes, since I think the whole modern financial system is a great Keynesian Ponzi scheme with magical trees, I expect the day will come when people will turn to crypto.

Byrne has not committed himself to Bitcoin, the original cryptocurrency that just celebrated its tenth birthday, being the cryptocurrency that would have come out on top, however.

This year Bitcoin appeared stronger than most other major cryptocurrencies, having lost less of its value from last year's huge run, pushing it to nearly $ 20,000, up from less than $ 1,000 at # 39; beginning of the year. Bitcoin has lost about 60% of its value, compared to about 80% of many other important digital tokens.

In recent months, ripple (XRP) and ethereum have recovered some losses and blocked their outflows.

"If the bitcoin is the only one, if bitcoin has solved its speed problems or is another cryptocurrency, only time will tell," added Byrne.

Bitcoin prices rose faster in the last week, adding around $ 200.CoinDesk

Elsewhere, bitcoin volatility has fallen to its lowest level for nearly two years, in contrast to the increasingly shaky US S & P 500 stock index, which has risen to almost seven months since September as investors worry about increases rates expected by the Federal Reserve and fears about the US trade war with China.

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