Bitcoin / Blockchain

Bitcoin’s price has soared to $10,300 on comments made yesterday by the US Federal Reserve Chair – but there are other major factors at play driving the price, which has jumped more than 40% since the beginning of 2020.

Business 5.0 expert John Straw recently suggested that the emergence of blockchain would make the City of London irrelevant, which in turn would take away valuable personal and corporate taxes.

Taking place in Davos for its 50th year this week, the World Economic Forum is already challenging the status quo and highlighting priorities in business and finance for the year ahead.

The 2010s have been a decade of significant change, driven by technological advances which are showing little sign of slowing. Alongside this, market growth across multiple industries is being increasingly challenged by consumer behaviour.

Escalating tensions between the US and Iran are likely to drive the price of Bitcoin higher, and we already saw a rise in oil price last week.