THE YEAR OF BITCOIN
Exceptional performance
On August 1, Bitcoin was splitting thecryptocurrency into two separate networks, and instead of suffering from this development, the cryptocurrency reached new record values. Since the beginning of the year, Battle also enjoys tremendous popularity and is a common topic of conversation. The media do not stop writing about the virtual currency, including Bloomberg and Forbes.
Despite some more serious adjustments, the price trend of the Bitcoin is steadily rising, with estimates that one unit will reach 10,000. Dollars up to three years.
It is interesting how this cryptocurrency, which was so often associated with crime, has become a real candidate to change the future of our financial system and the way we make money transfers with each other. But after years of trading, Bitcoin proved he would not go anywhere, and his value did not stop rising.
On this occasion, curious statistics on the development of Bitcoin price came on the Internet and how long it took for the crypto currency to reach individual values:
$ 0-1000: 1789 days
1000-2000 USD: 1271 days
$ 2000-3000: 23 days
$ 3000-4000: 62 days
After creating Battlefield in 2009, It took 7 years to reach $ 2,000, and from 2000 to 4,000, only 85 days.
Increasing confidence
Growth in price is supported by increasing confidence in its cryptoL currency and its potential. Large financial institutions such as Goldman Sachs, J.P. Morgan and Fidelity Investments have already invested in virtual currencies, and countries such as China, Japan, and Australia and Australia have a constant role to play in their economies.
Support from the "big" therefore also urges smaller organizations and individual investors to enter the world of crypto-lite. Countless applications of Bloccane's technology, which is behind Bitcoin, also contribute to the overall interest.
Although it is a high-risk investment, one of Wall Street's most renowned analysts believes Bitcoin will be the best-performing asset this year.
Only time will show if in the future the money as we know them will not exist. Bircoin is a revolutionary technology and as such will face many obstacles along the way while transforming our society.
Thanks for reading, you can follow me here for more articles: @nakedchef89
And the year of cryptocurrencies as a whole. $150 billion market cap
This is only the beginning my friend. Take a look at this analysis comparing crypto to Facebook and have your mind blown! https://steemit.com/bitcoin/@cryptoeagle/cryptocurrency-wallet-users-vs-facebook-users-where-are-we-now-making-the-case-for-the-million-dollar-coin
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