Bitcoin to rocket to $4000 as blockchain infrastructure sets agenda for cryptocurrencies

ANALYSTS say the cryptocurrency Bitcoin could hit values of $4000 within the year after a new player entered the market.The introduction of Litecoin, another electronic online currency, is adding to investor appetite as the rolling out of blockchain infrastructure gets set to revolutionize the future of the financial sector.Bitcoin has been making gains since April and is rallying in London having risen over 33 percent in 30 days, according to the Coindesk bitcoin price index.It comes after Price Waterhouse Coopers (PWC) and the World Economic Forum looked at how cryptocurrencies can be aided by distributed ledger technologies.

Bitcoin is leading the cryptocurrency market

It is better than currency because you don't have to be in the same place and of course for large transactions currency can be inconvenient

Bill gates

Global regulatory challenges continue to affect the market with a test case before The US Securities and Exchange Commission (SEC) throwing up some new challenges. A bitcoin exchange-traded fund (ETF) proposed by Cameron and Tyler Winklevoss was declined by the US sector watchdog as Donald Trump looks at deregulating markets. However, the sector is gaining appeal, particularly in Japan, which legalized cryptocurrency as a payment method recently and is helping to get the yen involved.

France invented a cryptocurrency dispenser

Aurelien Menant, founder, and CEO of Gatecoin, a regulated blockchain assets exchange based in Hong Kong says confidence is strong in Asia. Meanwhile, Microsoft founder and philanthropist Bill Gates is keen on distributed ledger technology. He said: "Bitcoin is exciting because it shows how cheap it can be, it is better than currency because you don't have to be in the same place and of course for large transactions currency can be inconvenient.” Bitcoin was created in 2009 and has a current Market Capitalization of $29,753,633,028.

How much is your money worth?

New five pound notes could make you a whopping £20,000. This is what you should be looking out for in your wallet.

Five-pound notes with low serial numbers,

especially those beginning with AA01, can be worth £200. There are currently 727 Currencies trading 106 Assets on 3768 Markets with a total Market Cap of $51,340,254,924, according to Coinmarketcap.com.The 24h Volume of trades stands at $2,739,044,558 with Bitcoin up 9.48 per cent.The other major gain of the day was Steem which has gained a whopping 43.37 percent on the day.