Additionally, when analyzing the relationship between terrorist attacks and Bitcoin price, the existing literature analyzes terrorism purely as an event. However, the interaction between Bitcoin prices and terrorist attacks is quite complex and also determined by other various complicated factors (e.g., severe political and economic uncertainty events). Different types of uncertainty events can have a knock-on effect on the interaction between terrorist attacks and Bitcoin prices. Hence, exploring the effects of contingencies in the context of political and economic uncertainty risks is necessary. Therefore, we propose the following hypothesis: How do you cash out a Bitcoin? “Bitcoin continues to show strength. Altcoins are following suit and some are starting to pick up. What am I expecting? I think we’ll have some more continuation on Bitcoin here, but $38-40K is a massive resistance zone to break,” he said.

It would also mean that firms wishing to offer a bitcoin ETF would need to acquire the asset to back these products. Potentially, they may need to buy large quantities. Litecoin (LTC) Price Battles at Key Support – Will It Sink or Swim? That move, known as "the Merge," is of huge consequence. Cryptocurrency skeptics typically argue that coins like bitcoin and ether are useless, and that they consume enormous amounts of electricity. The first point is polarizing and subjective, but the second is unequivocally true. In an era when more people than ever view climate change mitigation as society's highest priority, the carbon emissions of bitcoin and ethereum are too conspicuous to ignore.