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. Bitcoin is a payment system that is decentralized and created by a man known as 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 learn why companies like Sii Global Intelligent Bitcoin Investment Service put their trust in this currency.
Bitcoin is a software-based currency that was released to the general public several years ago, or 2009 to be exact. 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. The virtual currency managed to gain over 300% in increase from the year 2011 to 2012. Since August of 2016 up to today, Bitcoin gained an increase in value to approximately 400%. Up to today, venture capital firms and investors found in all continents are still continuing to put their hopes in this cryptocurrency.
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 see the meteoric rise of Bitcoin prices all the more if you compare this with what happened in 2012. As discussed, over $100 million was seen to be invested in the first two quarters alone of 2014, but, two years earlier, Bitcoin firms were just able to raise the significantly smaller amount of $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 simpler than ever to buy this currency. Lots of established companies around the world are involved in the business of selling and buying Bitcoins. Firms such as Sii Global Intelligent Bitcoin Investment Service are deemed competent in this area.
Nobody can deny that Bitcoin is huge today. Plenty of trusted investors and venture capital firms are putting their faith into the theory that this currency is here to stay. It’s now very easy for normal folks to find many ways to buy and invest in Bitcoin.You might want to start investing in Bitcoin today. This could be the beginning of a new financial triumph.