Why Did The Bitcoin Price Just Skyrocket? | CoinFlip Bitcoin ATM

Why Did The Bitcoin Price Just Skyrocket?

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CoinFlip Team
CoinFlip Team

As of late May 2019, Forbes noted that Bitcoin prices have skyrocketed due to its many drivers of price, including technological, geopolitical, and regulatory in regards to compliment investor demand. This means there are multiple factors that go into Bitcoin’s rise in price.

One minor example of Bitcoin’s meteoric rise was at a recent -- and very large -- Bitcoin conference in New York (called Consensus), where experts reported that going into the conference weekend Bitcoin’s price went from $6,000 to $8,000.

One key reason for Bitcoin’s skyrocketing price is due to the general excitement behind the upcoming launches of several regulated digital asset platforms (Bakkt, ErisX, etc.).

Bitcoin is also being accepted by and incorporated into a variety of household names -- Whole Foods, Starbucks, Facebook, and E*Trade, just to name a few.

Bitcoin.com reported that, as of June 21, the price of Bitcoin core (BTC) surpassed the $10,000 mark for the first time since March of 2018. That’s all amazing and exciting news for digital asset fans

Now more than ever is the time to familiarize yourself with Bitcoin and CoinFlip makes what used to be an arduous, time-consuming process quick and simple.

With new exciting announcements happening what seems like every other day (not to mention what is clearly undeniable growth) it’s clear that Bitcoin and other cryptocurrencies are heading out of the shadows and hitting a far more mainstream audience.

If you’re looking to get involved with Bitcoin, CoinFlip makes the process easy, safe, and cost-effective. We have Bitcoin ATMs across the United States with updated bill validation processors that make our ATMs faster than ever, so you can get on with winning the day.

We also have the lowest fees and we don’t charge any hidden fees that some Bitcoin ATM providers notoriously charge. We also know how to respect your privacy -- we NEVER sell or share your info with those icky third-party companies.

Choose CoinFlip for the continuous, 24/7 customer service and support. If our Bitcoin ATM is open, we’re here to help you. You can contact our team view email, text, or phone, all day every day. Wherever you find yourself, there will be a CoinFlip nearby. We’ve have wide national coverage and we’re constantly expanding our reach across the country.

*This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, accounting, or investment advice.