Crypto TREND 2017-01

Everyone has heard how Bitcoin and other cryptocurrencies have made millionaires of people who bought as recently as a year ago. A gain of 1,000% or more is not only possible, it has been common place with many of these cryptocurrencies. Someone who bought Bitcoin for less than $500 in May 2016 would have made a 1,400% gain in about 17 months. Then in the past few days, we’ve seen Bitcoin lose nearly $1,000, so to say these cryptocurrencies are volatile would be a huge understatement.

Since Bitcoin’s inception in 2008, we at Trend News have been skeptical about the viability of cryptocurrencies, as they present a clear threat to governments that freeze all transactions. Want to see and tax. But while we may still be wary of actual cryptocurrencies, we are very aware of the potential of the underlying technology that powers these electronic currencies. In fact, we believe this technology will be a major disruptor in data management, and that…

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