Any ideas why BTC has been on such a tear? The last few weeks have proved to be one of the hotter streaks for the virtual currency, with gains in price hitting the double digits, pushing a bear trend close to $45 in just a few weeks:
Some analysts are attributing the increase in value to the recent adoption and pushes by some countries to move into the Virtual REalm. In places like Europe, and parts of Asia where the network coverage is quite consistent across almost all parts of the country, it seems like a logical step. While other countries like Canada have larger total area, it is highly unlikely that the noamds, eskimos, and Natives in the northern parts will adopt bitcoin, but that doesn’t mean that many of the folks living in the cities are becoming addicted to the light wallet feeling.
In fact, there are some new apps that are making the progression from Bitcoin to Normal Pay alot easier, and the move just seems natural given the technological progression of societies over the last decade.
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