A few weeks ago, the price of bitcoin went down due to the market crash. Well, it has now been recorded that the price of bitcoin has recently gone up and is trading at 7,027. This development has made a lot of people praise bitcoin and recently one U.S. politician has also praised bitcoin. David Gokhshtein, a U.S. politician has praised bitcoin by naming it as a ‘store of value’.
#bitcoin is pretty much a SOV.
— David Gokhshtein (@davidgokhshtein) April 6, 2020
David Gokhshtein talked about means of quick payment
Gokhshtein, a politician, crypto investor and an entrepreneur has taken over twitter and talked to a lot of his followers about bitcoin. He has earlier opposed Satoshi Nakamoto’s vision of bitcoin as he believed that bitcoin does not want the global economy to collapse. He said that bitcoin is far away from this vision as it has now emerged as a store of value. He has also suggested to his followers that they can use LTC and DGB as a means of quick payment.
He also praised XRP to some extent which is the third largest cryptocurrency all over the world. Different followers of Gokhshtein who were related to DGB and XRP have also praised his positive comments over the currency.
Bitcoin followers made bullish comments
As the price of bitcoin has gone up certain bitcoin followers have also made some bullish comments regarding it. According to them, there are some really great pumps waiting for bitcoin ahead. Soon, it will reach some other heights.
Even though people are praising the increase in the price of bitcoin, the future is still very uncertain. It has been recorded that this time bitcoin transactions hit a three months low volume. Glassnode alerts have also tweeted about the low in bitcoin transactions volume. In the tweet, Glassnode has shown how the volume of bitcoin transactions has reached a three-month low.
Previous 3-month low of $10,948.27 was observed on 06 January 2020
— glassnode alerts (@glassnodealerts) April 6, 2020
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