The Meteoric Rise Of Bitcoin Prices Explained Simply
You’ve probably heard of Bitcoin in the news, unless you’ve been living under a rock. 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 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.
Bitcoin is a digital type of currency, one which was released to the public almost a decade ago, or 2009 to be accurate. Since that year, Bitcoin’s improvements and updates have been developed by a network made up of developers. The Bitcoin Foundation provided part of the funding involved.
It took four years after its release in 2009 for Bitcoin to become a hot topic for the general public. From 2011 to 2012, the virtual currency increased its value by 300 percent. Since mid-2016 up to the present, Bitcoin has seen its value rise to about 400 percent. 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. 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 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? It’s now as simple as ever to purchase this currency. Lots of trusted firms are found around the world, and these companies are involved in the trade of selling and buying Bitcoins. You’ll find firms, such as Sii Global Intelligent Bitcoin Investment Service, that focus on this currency.
There is no doubt that Bitcoin is a huge deal right now. Reputable investors and venture capital firms everywhere trust this currency will last. For everyday people like you, there exists several ways to invest in and buy Bitcoins. Start investing in Bitcoin today. Investing in Bitcoin today may lead to your new success story.