The Meteoric Rise Of Bitcoin Prices Explained Simply
You’ve probably heard of Bitcoin in the news, unless you’ve been living under a rock. In a nutshell, it’s a decentralized cryptocurrency payment system that was designed by a man named Satoshi Nakamoto. If you’re interested in finding out more about this phenomenal financial and tech-related invention that has taken the world by storm, and also learn plenty more about the meteoric rise of Bitcoin prices, then read on. 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 digital type of currency, one which was released to the public almost a decade ago, or 2009 to be accurate. Since it was released, its updates and improvements have been created by a group of developers. The Bitcoin Foundation provided part of the funding involved.
After four years since its 2009 release, Bitcoin started to become a trending topic for people everywhere. From 2011 to 2012, the virtual currency increased its value by 300 percent. Since August of 2016 up to today, Bitcoin gained an increase in value to approximately 400%. Up to today, venture capital firms and investors found in all continents are still continuing to put their hopes in this cryptocurrency.
In the course of the first half of the year 2014, you would see venture capitalists firms making Bitcoin investments of 50 to 70 million dollars for each of the first two quarters, leading to over a hundred million in investments for the first half of that year. You’ll all the more notice the meteoric rise of Bitcoin prices if you compare what happened in 2014 to that of 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. As we speak, Bitcoin continues to grow, and this is seen in the increasing amount of users and merchants that accept this currency as payment.
How then, you may ask, can the average person invest in this? Today, it’s very simple to buy Bitcoins. 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.
Bitcoin is definitely a big deal today. Many reliable investors and venture capital firms are trusting that this currency is not going anywhere. It’s now very easy for normal folks to find many ways to buy and invest in Bitcoin.You might want to start investing in Bitcoin today. This could be the beginning of a new financial triumph.