By: Economic & Finance Report
In Silicon Valley many tech startups and investment outfits believe Bitcoin is the answer to any financial crisis that should become in the near future. Bitcoin’s stock has been proactively versatile, but has now pushed in mid $200 territory in the financial markets. In 2013 Bitcoin was around $1200- $1300 per bitcoin, that year was a break out year for the virtual currency.
Silicon Valley believes that its wealth has and is being undervalued; and that it will succumb to high economical and financial standards (hence Economic & Finance Report, no pun intended). The technology and investment technocrats believe Bitcoin is the answer to financial problems on Wall Street, and also the answer to the financial and economical problems presented by the rest of world.