The following is an excerpt from LEIGH CUEN | November 20, 2017 | ibtimes.com |
Bitcoin prices rose above $8,000 for the first time on Friday and continued the steady ascension over the weekend. By Monday, Coin Market Cap listed the price at $8,238. Forbes reported the bitcoin network now processes $2 billion worth of transactions every day.
Meanwhile, many doomsday preppers are starting to warm up to bitcoin, especially since Blockstream now freely broadcasts the bitcoin network from satellites. With the help of a generator and a Wi-Fi repeater, rural bitcoin users can still operate as network nodes regardless of local electricity infrastructures.
“Not too long ago, people in the prepper community were actively warning against crypto, and now they’re all investing in it,” Tom Martin, a truck driver who also runs a survival skills site, told Bloomberg. “As long as the grid stays up, people will keep using bitcoin.”
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