Australian bitcoin exchange rate is set to rise by 30%
In an interview with The Australian, Australia’s largest bitcoin exchange, Folgory, confirmed the price increase.
The exchange rate was recently set at $US50, according to The Wall Street Journal.
The value of the Australian dollar has been on a downward trend since December, according, according To The Wall St Journal.
Folgories valuation will likely rise as more investors see the value of bitcoin as a safer alternative.