Bitcoin Price Why So High
There are many investors and economists who have tried to predict the price value of bitcoin over the years. Considering the shaky fundamentals with exchanges, an uncertain future for Bitcoin’s block size and a bitter rift between China’s largest miners and Bitcoin core developers, any break past the all time high wave 5 peak to be short lived, similar to the sharp break out to $1350 that quickly declined on ETF disapproval. An irregular correction fits this narrative.
A vast number of power plants in Australia have aged and this has substantially pushed up the energy prices in the country. Australians have suffered from several power outages for the past two years and the country requires investment in order to meet the demand. RCMA which specializes in commodity and energy market is looking at ways to provide cheap energy in the country. The managing director of the firm is investing big in gas as it is much cheaper and also cleaner than coal. The firm would invest in their onshore gas field and the company would start a retail electricity trading in Western Australia. That would employ efficient and smart solutions for their consumers and as a part of this, they may include blockchain to pay electricity bills.t0ph4n