At the time of writing, Bitcoin is quoted at $ 15,331.92. Two years ago, Bitcoin had a value of $ 424.38. And if you go back to December 2011 when Bitcoin was just a problem, it was trading at around $ 3. If you have invested only $ 100 in Bitcoin at that time and have been able to keep it, you would have a cryptocurrency of more than half a million dollars . If I had invested $ 1,000 in Bitcoin back then, it would be worth $ 5.1 million. Retrospective, right?
Of course, Bitcoin is not without headaches. The fees for timely transactions can be high. Bitcoin is also volatile, and with a seemingly obscene valuation at present, investors are understandably nervous. So is Valve, who announced yesterday that he no longer accepts Bitcoin as a payment method on Steam, both because of the high rates associated with cryptocurrency and because of its volatility.
Bitcoin also made headlines this week for a security breach at NiceHash, a cryptocurrency mining market. NiceHash is still trying to discover the exact consequences of being pirated, but it is estimated that the looter (or looters) earned more than $ 62 million, or even more based on the Bitcoin jump to more than $ 15,000.
"Clearly, this is a matter of great concern and we are working hard to rectify the matter in the coming days." In addition to carrying out our own investigation, the incident has been reported to the relevant authorities and authorities and we are cooperating with them as a matter of urgency, "NiceHash said in a statement.
The value of Bitcoin probably does not end up going up, in part because some major financial institutions in the US UU announce plans to allow Bitcoin futures trading. Now it seems crazy, but when institutional investors get involved in the action, Bitcoin could see a sharp increase, and some estimate that it could skyrocket to $ 50,000 or even more.