What Is Bitcoin Worth?

What Is Bitcoin Worth?

It is not a long way that it takes but just available for a decade, Bitcoin has gained much popularity on online for its outstanding facilities for online transaction system. Bitcoin value has risen along with its use. Bitcoin system is nothing but a mathematical equation on your computer. Nowadays Bitcoin value is get crossed a worth of 2700+ USD. Incredible, isn’t it?

Worth of a Bitcoin today:

The cryptocurrency system has broken all record of its past and runs like a participant on a racing track. Although it has a crash on Bitcoin Value early of this year, Bitcoin Value has bounced like a tennis ball today. At the last moment when I started to write on this topic, Bitcoin Rate is 2720 USD. that means 1 btc to USD is 2710$. can you believe it? wow!!

History of Bitcoin value:

From its first day on online, Bitcoin has experienced some dramatic gains in price for its first couple of years. From its penny valuation in 2009, Bitcoin slowly moved to 0.10 USD but had a jump in early of 2010, Bitcoin Value raises on 1 USD. From then there was a ignited a huge wave of new demand for bitcoin, and reach the currency up to more than 10 USD by mid-2011.

After reaching that point, Bitcoin experienced a lot of big numbers ups and downs. After reaching first time 10 USD a worth of Bitcoin,  bitcoin prices dropped 80% within just a few months. It was punishing for those who had gotten in at the top and were looking for quick gains. But on the other hand, still, those who stuck with Bitcoin, earned back their losses, when the currency reaching the $10 mark again in late 2012.

And after 2012, the next line of interest in Bitcoin wave took the currency to the $100 mark and beyond, dramatically reaching to nearly $200 by early 2013. The bankruptcy of the Mt. Gox bitcoin exchange briefly took a big toll on prices, cutting Bitcoin’s value in half, but before the year was out, the digital currency climbed above $1,000 as market participants highly believed that Bitcoin could achieve the global currency status and prove to be a better alternative to traditional government issued currency. The frequency of financial crises across the globe during the first several years of bitcoin’s history certainly helped feed that theory and added to Bitcoin’s appeal.

Since then, bitcoin has remained volatile, but not to the same extent as it was earlier in its existence. Prices sank to around $200 in 2015, but the currency picked up steam again more recently. The last year 2016, Bitcoin regained the $1,000 level and has climbed as high as nearly $1,300. From 2009 to 2016 Bitcoin has reached 0.10$ to 1300$ USD. But this year, from the first month Bitcoin value wave, started to jump higher to higher. It is August and the Bitcoin price today is crossed 2700$ almost double from the previous years.

You can get real-time Bitcoin worth on our website. Stay connected with us for the latest and updated news of Bitcoin. Cheers.

TOPICS >   | Bitcoin, What | whatsanswer

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