There is significant room for growth in the cryptocurrency universe. Recent data suggest a small amount of American investors own any digital currencies and, after bitcoin, the numbers of crypto ownership dwindle.
Some bitcoin bulls believe the cryptocurrency can return to $20,000 or even move to $25,000 as soon as later this year.
“Cryptocurrency miners use high powered computers that use a lot of electricity to complete a series of complex calculations to create a bitcoin. The bitcoin protocol calls for a finite number of bitcoins of 21 million, of which about 80 percent have already been made,” according to CNBC.
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