The Meteoric Rise Of Bitcoin Prices Explained Simply
Unless you live under a rock, you most likely have read or seen Bitcoins mentioned in the media. In a nutshell, it’s a decentralized cryptocurrency payment system that was designed by a man named Satoshi Nakamoto. If you’re interested in finding out more about this phenomenal financial and tech-related invention that has taken the world by storm, and also learn plenty more about the meteoric rise of Bitcoin prices, then read on. You’ll also discover the reasons why companies like Sii Global Intelligent Bitcoin Investment Service put their faith in this software-based currency.
This phenomenon is a software-based currency and it was released to the public some years ago, 2009 to be precise. A network of developers, since Bitcoin’s release, have developed the currency’s improvements and updates. A portion of the funding used in the development phase was provided by the Bitcoin Foundation.
Bitcoin began to gain plenty of steam as a trending topic in 2013. From 2011 to 2012, the virtual currency increased its value by 300 percent. Since August of 2016 up to today, Bitcoin gained an increase in value to approximately 400%. Today, venture capital firms and investors located all over the globe are continuing to bet on this new currency.
In the first half of 2014, venture capitalists firms made investments of 50 to 70 million dollars in Bitcoin during the first and second quarter, making the investments reach over a hundred million. It’s easy to see the meteoric rise of Bitcoin prices if you compare what happened in the Bitcoin scene of that year, and compare it to what occurred in 2012. As mentioned earlier, over a hundred million was invested by venture capitalists firms during the first half of 2014, but, in 2012, Bitcoin firms were able to raise a measly $2.2 million. As of today, Bitcoin isn’t slowing down, and this is evident in the way more and more merchants and users accept it as a mode of payment.
Many people ask, how can average folks join in and invest? Today, it’s very simple to buy Bitcoins. There exists plenty of reliable companies globally and they are in the business of buying and selling Bitcoins. Companies like Sii Global Intelligent Bitcoin Investment Service are considered experts in this field.
There is no doubt that Bitcoin is a huge deal right now. Many reliable investors and venture capital firms are trusting that this currency is not going anywhere. For everyday people like you, there exists several ways to invest in and buy Bitcoins. You might want to start investing in Bitcoin today. Investing in Bitcoin today may lead to your new success story.
Short Course on Bitcoins – Covering The Basics
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