The Meteoric Rise Of Bitcoin Prices Explained Simply
Unless you call a cave home, chances are you have heard of Bitcoins. Satoshi Nakamoto was the man behind the creation of Bitcoins and, to put it simply, it is a decentralized cryptocurrency payment system. If you’re after learning a lot more about this tech and financial phenomenon that has grabbed the attention of people in pretty much every country, and you furthermore want to know more about the meteoric rise of Bitcoin prices, then read on because this article will teach you plenty. You’ll further find out why firms like Sii Global Intelligent Bitcoin Investment Service put their hopes on this new currency.
Bitcoin is a digital type of currency, one which was released to the public almost a decade ago, or 2009 to be accurate. Since it was released, its updates and improvements have been created by a group of developers. 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. The virtual currency managed to gain over 300% in increase from the year 2011 to 2012. Since mid-2016 up to the present, Bitcoin has seen its value rise to about 400 percent. Up to today, venture capital firms and investors found in all continents are still continuing to put their hopes in this cryptocurrency.
In the course of the first half of the year 2014, you would see venture capitalists firms making Bitcoin investments of 50 to 70 million dollars for each of the first two quarters, leading to over a hundred million in investments for the first half of that year. You’ll all the more notice the meteoric rise of Bitcoin prices if you compare what happened in 2014 to that of 2012. As mentioned, over $100 million was invested in the first half of 2014, meanwhile, in 2012, Bitcoin companies were not able to raise more than $2.2 million. As we speak, Bitcoin continues to grow, and this is seen in the increasing amount of users and merchants that accept this currency as payment.
How then, you may ask, can the average person invest in this? It’s now as simple as ever to purchase this currency. There exists plenty of reliable companies globally and they are in the business of buying and selling Bitcoins. You’ll find firms, such as Sii Global Intelligent Bitcoin Investment Service, that focus on this currency.
Bitcoin is definitely a big deal today. Many reliable investors and venture capital firms are trusting that this currency is not going anywhere. It’s now very easy for normal folks to find many ways to buy and invest in Bitcoin. You may want to begin your Bitcoin investment today. Investing in Bitcoin today may lead to your new success story.