There are several cryptocurrencies or virtual currencies, but Bitcoin is the most popular. It is the one that most people know about. It is also the most widely used virtual currency. If you’ve been following Bitcoin news, then you know it has seen some price swings and can often be unpredictable. You’ll love this news.
Well, Bitcoin has been steadily on the rise over the past few weeks and it has now crossed $1,000 after three years. That is big news for this currency.
It’s been over three years since one Bitcoin last cost $1,000, but those days are here again. These numbers were previously seen for the cryptocurrency back in December of 2013. Bitcoin has seen huge growth in value this year. It started off 2016 at around $450, so it has had a growth of 125 percent year-over-year. It now has the possibility of breaking through its all-time high of $1,216.7. It may not be quite there yet but it’s not at its highest market cap price at $16,399,607,673. Reuters says that the total worth of Bitcoin puts the cryptocurrency’s value “at around the same as that of an average FTSE 100 company.”
It looks like 2017 will be a good year for the virtual currency. Some are predicting that the price will hover between $1,400 and $3,000, but we will have to see what happens.
Source Ubergizmo
Filed Under: Technology News