Gravis Ludus' Carl Williams writes, "Bitcoin is the most popular cryptocurrency available today and it is only getting more popular. There are a myriad of other cryptocurrencies available but their popularity is quite lower than Bitcoin. The acceptance of cryptocurrency in the United States is a lot slower than it is in other countries but it is getting there. Other countries are just now figuring out how to handle the Bitcoin buildup that has swollen within their borders. For the purpose of this article I am focusing on Russia and Japan- two countries where cryptocurrency is becoming an ideal method of getting around the government currency. That usurping of power is a major concern for government. The trouble starts in how those governments react."
The arrival of spot bitcoin ETFs in the US offers easy access to the masses. Purists will steer clear.
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After plummeting in June, the price of Bitcoin has remained at such a low level that it is causing the
Inflation and expected interest rate hikes likely play a part in Bitcoin's dropping value.
