24 MAY

If you’d bought $1,000 of Bitcoin in 2010, you’d be worth $35M

The price of Bitcoin, the most popular the digital crytpo-currency, has skyrocketed this year.

According to Coindesk, bitcoins are currently trading for $ 2,483 per coin. The price is an all-time record, and the remarkable valuation blows earlier price spikes out of the water. Bitcoins have more than doubled since the beginning of 2017, when they hovered around $ 1,000 per coin. Bitcoin broke the $ 2,000-per-coin barrier on Saturday.

The run-up has led to increased interest in lesser-known digital currencies, like Etherium and Ripple. Ethereum, which is backed by large companies working on blockchain projects, has jumped in value from $ 8.24 at the beginning of the year to $ 203.30, according to CNBC. Ethereum prices began climbing in March, around the time when Bitcoin investors started “getting jittery” about whether Bitcoin software would be able to handle the increased level of transactions. Looking at the market capitalization for all cryptocurrencies, Techcrunch notes that Bitcoin now makes up just 47 percent of the total market value.

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Ars Technica

Post Author: martin

Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.