Now you have a way to essentially transfer your dollars in and out of exchanges pretty much instantly, which of course makes it a lot easier to do arbitrage.

Michel Rauchs

Categorized in : Technology

The recent rally has been driven by the usual hype cycle that we have very reliably seen every two to three years, we have these mini-bubbles, and the momentum that it creates - bitcoin first, then these other coins. It's a self-fulfilling prophecy.