Many have suggested it’s a ripple effect from Facebook trying to break into the cryptocurrency space but and that’s a big BUT, Bitcoin is now valued at $20,000! Can you believe it?
Bitcoin is pretty much a computer file stored in a digital wallet and recorded in a public list called a blockchain (just incase you were wondering). It was created to replace traditional currencies such that the world runs on a single currency.
Bitcoin could be very difficult to trace which gave it the initial appeal for cybercriminals and earned it it’s not so stellar reputation.
As at 2017, Bitcoin gained relative prominence valued at about $1,200 at the time, however many were wary and was thought to be well a financial bubble which will come crashing down in no time.
The surprise now is, it’s 2019 and the bubble is nowhere near bursting as it is now valued at a whopping $20,000. As a result, it would seem Bitcoin is now one of the most searched for query according to Google search trends over the past 5 years.
Well, it doesn’t seem like this bubble is bursting anytime soon… or is it?
[…] their findings claims that Gerald Cotten had spent all of this fund or at least most of it before he passed away as most of the wallets associated with the Canadian Exchange had been emptied about eight months prior to his […]
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