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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. Satoshi Nakamoto was the man behind the creation of Bitcoins and, to put it simply, it is a decentralized cryptocurrency payment system. 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 further find out why firms like Sii Global Intelligent Bitcoin Investment Service put their hopes on this new 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.
After four years since its 2009 release, Bitcoin started to become a trending topic for people everywhere. The virtual currency managed to gain over 300% in increase from the year 2011 to 2012. Since the middle of last year up to today, Bitcoin’s value rose to roughly 400%. Today, venture capital firms and investors located all over the globe are continuing to bet on this new currency.
During each of the first two quarters of 2014, venture capitalists firms were making investments that fell between 50 to 70 million $ in Bitcoin, making the total investment of the first half of 2014 over a hundred million dollars. 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, over $100 million was invested in the first half of 2014, meanwhile, in 2012, Bitcoin companies were not able to raise more than $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.
Many people ask, how can average folks join in and invest? It’s now as simple as ever to purchase this currency. Lots of established companies around the world are involved in the business of selling and buying Bitcoins. Companies like Sii Global Intelligent Bitcoin Investment Service are considered experts in this field.
Bitcoin is definitely a big deal today. Many reliable investors and venture capital firms are trusting that this currency is not going anywhere. The average person can now find many ways to begin investing and purchasing Bitcoin. Start investing in Bitcoin today.It could be the start of a new financial success story for you and your family.