Bitcoin’s total value passes $14 billion, a record high

Bitcoin's total value passes $14 billion, a record high

  • Bitcoin followed up an impressive 26.3 percent gain in 2015 with a 119.8 percent gain in 2016.
  • Recent predictions that the value of Bitcoin would skyrocket as Donald Trump takes over the presidency appear to be coming true.
  • The total value of all bitcoins in circulation passed $14 billion on Thursday, as the web-based digital currency jumped 5 percent on the day to hit a record high.
  • The price of one bitcoin reached $875 on the Europe-based Bitstamp exchange, its strongest level since January 2014.
  • Bitcoin was introduced on 31 October 2008 to a cryptography mailing list, and released as open-source software in 2009.

The total value of all bitcoins in circulation passed $14 billion on Thursday, as the web-based digital currency jumped 5 percent on the day to hit a record high. The price of one bitcoin reached $875 on the Europe-based Bitstamp exchange, its strongest level since January 2014. Bitcoin followed up an impressive 26.3 percent gain in 2015 with a 119.8 percent gain in 2016.

Tech-savvy investors can buy bitcoin directly by downloading a Bitcoin Wallet app from Circle, Coinbase, Xapo or other popular services and simply linking their bank account to the app. In addition to these digital wallet apps, investors can buy shares of Bitcoin Investment Trust, which invests exclusively in bitcoin and trades on the OTC market.
Continue reading “Bitcoin’s total value passes $14 billion, a record high”

Bitcoin’s total value passes $14 billion, a record high

  • Bitcoin followed up an impressive 26.3 percent gain in 2015 with a 119.8 percent gain in 2016.
  • Recent predictions that the value of Bitcoin would skyrocket as Donald Trump takes over the presidency appear to be coming true.
  • The total value of all bitcoins in circulation passed $14 billion on Thursday, as the web-based digital currency jumped 5 percent on the day to hit a record high.
  • The price of one bitcoin reached $875 on the Europe-based Bitstamp exchange, its strongest level since January 2014.
  • Bitcoin was introduced on 31 October 2008 to a cryptography mailing list, and released as open-source software in 2009.

The total value of all bitcoins in circulation passed $14 billion on Thursday, as the web-based digital currency jumped 5 percent on the day to hit a record high. The price of one bitcoin reached $875 on the Europe-based Bitstamp exchange, its strongest level since January 2014. Bitcoin followed up an impressive 26.3 percent gain in 2015 with a 119.8 percent gain in 2016.

Tech-savvy investors can buy bitcoin directly by downloading a Bitcoin Wallet app from Circle, Coinbase, Xapo or other popular services and simply linking their bank account to the app. In addition to these digital wallet apps, investors can buy shares of Bitcoin Investment Trust, which invests exclusively in bitcoin and trades on the OTC market.
Continue reading “Bitcoin’s total value passes $14 billion, a record high”

An Abridged History of Bitcoin

An Abridged History of #bitcoin

  • SecondMarket, which allows investors to buy shares of hot private companies like Twitter, raises money for an investment fund that will hold only bitcoins .
  • A person uses bitcoins to order pizza three months after a marketplace was established for the currency.
  • There are the online gambling sites that use bitcoins.
  • After a price surge that began in January, the collective value of all bitcoins passes a billion dollars.
  • Bitcoins, a virtual currency, were, and even those transactions were scrambled.

What started as an idea in 2008 has since become a currency found in automated teller machines, used by black markets and put in portfolios that some investors want to trade like stocks.
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2016 could be a banner year for bitcoin

  • Market data provided by Interactive Data .
  • By 2025, Wedbush expects bitcoin to account for 10 percent of the $5.9 trillion online payments market and 20 percent of the $744 billion remittance market.
  • Prices surged 80 percent during the last six months and are up 90 percent over the past three.
  • Three out of four Americans say they still don’t fully understand the virtual currency known as Bitcoin.
  • Bitcoin is trading for about $443, an increase from its $200 level during the beginning of the year.

After more than doubling in 2015, the digital currency is poised to keep climbing, according to its boosters
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