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Bitcoin tips over the $1000 mark, a 4000% increase in 12 months

Bitcoin soars up to $1000 in value, will it ever stop?

| Business, Financial & Legal News | Posted: Nov 28, 2013 5:30 am

Bitcoins are massive business right now, with the value of the digital currency passing $1000 for the first time ever. This is a gigantic milestone for the digital currency, and represents a 4000% year-over-year increase in value.

 

TweakTown image news/3/4/34176_06_bitcoin_tips_over_the_1000_mark_a_4000_increase_in_12_months.jpg

 

People who have sold their Bitcoins early would be feeling quite ill right now, with an early Bitcoin owner purchasing 10,000 Bitcoins for just $50. He ended up giving his Bitcoins away, but if he had held onto those 10,000 Bitcoins, it would be worth a very swift $10 million today. The Winklevoss twins purchased $11 million worth if Bitcoins back in April, which cost them $120 a piece - an investment that has turned into $90 million or so right now.

 

I was so close to getting into Bitcoin when it first launched, but backed off - even a small investment back then would be worth magnitudes more now, which makes me a sad man.

NEWS SOURCES:Techspot.com

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