What caused the recent surge in bitcoin price? In short, no one knows. However, there are some major developments going on at a macro scale that are showing positive momentum for bitcoin. Do your own research. I am not a financial expert. 1. Merchant Adoption is now over 15,000 merchants accepting bitcoin as a form of payment. 2. China’s President Xi to adopt blockchain technology 3. Amazon accepts bitcoin via the moon browser plugin 4. Bitcoin is the world’s 8th largest currency 5. Bakkt Bitcoin futures platform sees increase in volume
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