Tech content trusted by users in North America and around the world
6,673 Reviews & Articles | 45,588 News Posts

Bitcoin's surge past $45 each, a 250 percent gain since January

Bitcoin's see massive growth - beware of the bubble?
| Current Affairs News | Posted: Mar 11, 2013 1:28 pm

Most digital based currencies come and go, but it seems that Bitcoin may just stick around for a while. As of this morning, a single Bitcoin is worth about $48, which equates to a 250 percent rise in value since January.

 

bitcoin_s_surge_past_45_each_a_250_percent_gain_since_january_1

 

250 percent growth in two months in any financial market is unprecedented, and is sure to make some people very wealthy if they can figure out how to convert those digital dollars into physical assets. In just one year the humble Bitcoin has risen 800 percent or a whopping 54,900 percent since its launch back in 2011.

 

No solid reason for the massive growth has been pinpointed at the moment, with speculators stating that it is due to high profile sites like Reddit who now accept donations in the digital currency. Others say that it is a matter of investors trying to capitalize on the fast paced growth Bitcoin has seen.

 

My advice is to beware in investing in an unregulated currency. There is no measures in place to prevent the value from dropping several hundred percent at a moment's notice, for instance.

NEWS SOURCES:Kitguru.net, Bitcoincharts.com

Related Tags

Got an opinion on this news? Post a comment below!

Latest News Posts

View More News Posts

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases
Subscribe to our Newsletter
Or Scroll Down