Bitcoin Price Tops $777, Highest Exchange Rate Since Early 2014
- Trump volatility, Chinese devaluation and the war on cash help push bitcoin to its highest value in almost three years.
The 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 rally continues as the BTC/USD exchange rate now stands at over $777 per cryptocurrency token. Overall the total market capitalization of the entire bitcoin Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term is valued at over $12.5 billion thanks to this rise.
To unlock the Asian market, register now to the iFX EXPO in Hong Kong.
Beyond showcasing the steady growth experienced this year, this milestone figure is important because it represent a major long term recovery for Bitcoin. The last time the price was at these levels was February 2014 - almost three years ago.
A multitude of factors is considered to have contributed to the recent price improvement. Charles Hayter, the CEO of CryptoCompare.com, explains: "Bitcoin is rallying on a mixture of global and political woes - from Trump throwing curve balls with his foreign policy - China's continued Yuan devaluation - India's and Spain's moves against cash.
Coupled with all that, you are also seeing bitcoin gaining grudging acceptance from its naysayers and a light at the end of the tunnel for increasing its transaction throughput with segwit and a hard fork next year."
Hayter adds: "The fed rate hike is another key factor to play against the yuan - but China's gold import restrictions, trade worries and military flexing are just some of the signs of the shifting sands on the global geopolitical stage - with Trump's Taiwanese telephone call just the first salvo."
The 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 rally continues as the BTC/USD exchange rate now stands at over $777 per cryptocurrency token. Overall the total market capitalization of the entire bitcoin Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term is valued at over $12.5 billion thanks to this rise.
To unlock the Asian market, register now to the iFX EXPO in Hong Kong.
Beyond showcasing the steady growth experienced this year, this milestone figure is important because it represent a major long term recovery for Bitcoin. The last time the price was at these levels was February 2014 - almost three years ago.
A multitude of factors is considered to have contributed to the recent price improvement. Charles Hayter, the CEO of CryptoCompare.com, explains: "Bitcoin is rallying on a mixture of global and political woes - from Trump throwing curve balls with his foreign policy - China's continued Yuan devaluation - India's and Spain's moves against cash.
Coupled with all that, you are also seeing bitcoin gaining grudging acceptance from its naysayers and a light at the end of the tunnel for increasing its transaction throughput with segwit and a hard fork next year."
Hayter adds: "The fed rate hike is another key factor to play against the yuan - but China's gold import restrictions, trade worries and military flexing are just some of the signs of the shifting sands on the global geopolitical stage - with Trump's Taiwanese telephone call just the first salvo."