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 learn why companies like Sii Global Intelligent Bitcoin Investment Service put their trust in this 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.
After four years since its 2009 release, Bitcoin started to become a trending topic for people everywhere. From 2011 to 2012, the virtual currency increased its value by 300 percent. Since August of 2016 up to today, Bitcoin gained an increase in value to approximately 400%. 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 see the meteoric rise of Bitcoin prices all the more if you compare this with what happened in 2012. As mentioned earlier, over a hundred million was invested by venture capitalists firms during the first half of 2014, but, in 2012, Bitcoin firms were able to raise a measly $2.2 million. Today, this cryptocurrency is still experiencing growth in the way users and merchants accept Bitcoin as a valid mode of payment.
So, how can an average person invest in Bitcoin? It’s now simpler than ever to buy this currency. Lots of trusted firms are found around the world, and these companies are involved in the trade of selling and buying Bitcoins. Firms such as Sii Global Intelligent Bitcoin Investment Service are deemed competent in this area.
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. You might want to start investing in Bitcoin today. This could be the beginning of a new financial triumph.