Bitcoin’s course collapsed almost seven percent during the trading on Wednesday, October 27. At 11:09, 58,132 dollars were given for one coin (minus 6.9 percent compared to the opening of the trading session). At 11:30, Bitcoin traded 59 thousand dollars.
On October 20, Bitcoin’s course broke the historical record, rising almost to 66 thousand dollars apiece. The head of the Foundation Investment Department at the ICB Fund Cryptoacive Market Aaron Homsky made that Bitcoin’s course can grow to 100 thousand dollars before the end of the year due to the growth of inflation worldwide.
In late October, the American billionaire investor Paul Tudord Jones said that Bitcoin protects from inflation better than gold. Over the past year, gold fell to eight percent, and Bitcoin rose by 437 percent.
In October, the MasterCard payment system announced the possibility to pay cryptocurrency through partnership with the Bakkt platform. For Kryptovalutholder holders, the company promised to launch a special loyalty program.