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 want to learn more about this financial and tech-related phenomenon that has captured the attention of people all over the world, and also discover more about the meteoric rise of Bitcoin prices, then this article is for you. 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 software-based currency that was released to the general public several years ago, or 2009 to be exact. 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.
It took four years after its release in 2009 for Bitcoin to become a hot topic for the general public. The virtual currency managed to gain over 300% in increase from the year 2011 to 2012. 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 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 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.
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. Start investing in Bitcoin today. This could be the beginning of a new financial triumph.