BitFury Suggests Creating More Bitcoins Would Not Effect Value

Bitfury is the world’s largest bitcoin “mining” company, and George Kikvadze is a board member and advisor of BitFury. Kikvadze asserted during an interview on CNBC’s “Squawk Box” that creating more bitcoins would not harm the value of bitcoins. He compared it to when the government simply prints more money. There are currently 12.6 million bitcoins in circulation. However, the…

Continue Reading

Is the Price of Bitcoin finally Stable?

For months the value of bitcoin has fluctuated wildly, which led many to question the overall stability of the currency. However, most recently bitcoin has experienced relative stability, and the wild fluctuations appear to be under control. Obtaining and sustaining stability will allow Bitcoin to widen its usage with mainstream online retailers. Stability is needed for retailers to charge the…

Continue Reading