Bitcoin far exceeds $10,000 and it may be because of Libra
By Mark Lemon – Cryptocurrency Professional
Just before December of 2017, Bitcoin hit the $10,000 mark for the very first time in history. This rise spoke for the popularity of buying and selling Bitcoin. This milestone made many believe that Bitcoin had made it to the mainstream but quickly retracted as in the months that followed, tragedy hit, and the price of Bitcoin went down.
2018 was not a good year to buy or sell Bitcoin but the good news is that it regained some of its value in 2019. Once again, the $10,000 mark has been hit and things are looking good. Even though the reason is unclear yet, we can guess that the Facebook involvement has something to do with it. With Facebooks plans to launch a cryptocurrency, all businesses and governments seem to be taking them more seriously.
The value of Bitcoin had not been as high since March of 2018. During that time, many were selling Bitcoin which was suffering from a downfall. It reached as low as $3,200 by the year end.
The good news is that since that rock bottom, sentiment has changed from a ‘bubble’ causing more to buy and sell Bitcoin increasing its growth.
What is the verdict?
The cause of the recent rise of Bitcoin to $11,000 has been speculated to come from the Libra announcement. An incident like this has been observed before, where these wonderful rises in value seemed to have no logical explanation. However, many users have made their beliefs known that this rise has something to do with the creation of Libra.
Ever since Libra was opened to the market, the connection between Bitcoin and Libra has subtly come to light. Bitcoin tends to mention the latter in conversations and could be using the publicity generated to promote its own blockchain and encourage more to buy and sell crypto.
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Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards