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

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

@anthony256
Published Wed, Nov 27 2013 11:30 PM CST   |   Updated Sat, Aug 8 2020 10:29 AM CDT

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.

Bitcoin tips over the $1000 mark, a 4000% increase in 12 months | TweakTown.com

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 SOURCE:techspot.com

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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