Bitcoin hits all-time high

Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term has hit an all-time high, and currently is selling at a price of $263.42. We can also see the price steadily rising up as these words are being written.

Anyone that follows the Bitcoin Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term rate might have noticed yesterday that the price shot up, and is continuing to rise. At $263.42, this is highest the cryptocurrency has been priced at since April of this year. The price surge back in April was partly due to Cyprus acquiring large amounts of Bitcoins and it reached a then all-time high of $234.25.

The last couple of months did show a slip in the price after the Silk Road incident that brought it down to just $112.75. The price quickly climbed back up after Chinese search engine, Baidu, decided to seriously invest in Bitcoin and reached a steady price point, surrounding the $200 range.

After seeing the currency becoming more accepted worldwide, and its popularity gaining and becoming more mainstream, it seems as if nothing can stop the price of Bitcoin from continuing to rise steadily.

Our numbers are from CoinBase’s Bitcoin converter and charts.

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