Bitcoin Surges Past $15,000 for the First Time

Thinking of investing? Then some things you may want to know.

Bitcoin zoomed past $15,000 on Thursday, extending the virtual currency’s mammoth surge this year and following an advance of more than 50 percent in just one week.

  • Bitcoin up more than 50% in only one week
  • Bitcoin rocketed past $15,000 on Thursday; it struck a record-high USD $15,000
  • Bitcoin is the world’s most popular crypto currency, some fasts fact about the currency you might want to consider before investing.
  • Bitcoin’s supply is limited to 21 million which I expected to be reached around the year 2140.

So far around 16.7 million bitcoins have been released into the system, currently it takes roughly 10 minutes to produce 12.5 new coins via global network of computers working together which is called mining, they compete to solve complex algorithms in reward for the new bitcoins. These mining computers require a vast amount of energy and if Bitcoin were a country, it would be the 61st highest electricity user on Earth, Bitcoin is currently guzzling more electricity than 159 of the world’s individual nations:
The market cap value of Bitcoin has soared from less than $15,491,200,000 at the start of the year to a staggering $199,390,000,000 in under a year, the virtual currency has reported more than 1300 per cent rise from the start of the year at around $960.00 to today’s price breaking past $15000.00 barrier before noon, no sooner is a record high broken another follows in short secessions

The Reserve Bank of India (RBI) go one to warn a third time its concern surrounding the uncertainty and its future, The RBI said it wanted to reinforce its previous message to “users, holders and traders of Virtual Currencies, the Central Bank of Russia has also warned investors of risks surrounding crypto currencies in a report released in early Dec.

Article written by Gus Goldster

Original post date: 07/12/2017