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Bitcoin percentage increase per yearHow Many Bitcoins Are There? How Many Left to Mine? ()
Each colored band in the chart below shows how long it took for bitcoin to climb from one psychologically key level to the other. Many analysts attribute bitcoin's gains this year to a surge of interest from institutional investors, who are betting on the digital currency's future as a store of value or means of payment. One way to gauge new investor interest is to look at the growth of the "wallets" that digital currency investors use to store their coins. The number of wallets from major wallet company Blockchain.
Another indication that new money is flowing into bitcoin is the relatively muted performance of other digital currencies this week, Chris Burniske, author of "Cryptoassets: The Innovative Investor's Guide to Bitcoin and Beyond," pointed out. That said, some other digital currency watchers say the rapid price gains and surge of interest in digital currencies reflects bubble-like behavior. It will be pandemonium. Skip Navigation. The potential of this cryptocurrency has generated quick profits and the same expectations for the possibility of becoming a conventional payment method have obtained the demand of investors.
This cryptocurrency has broken its previous high, since it has quadrupled in value this year. The price of the main cryptocurrency in the world began to increase at the end of October , as a result of the launch of a purchase, sale and payment service for said currency from the American company PayPal.
It should be remembered that Bitcoin is not attached to any asset or national economy, it was created by an anonymous network in However, its value has rampant ups and downs. To know more: Bitcoin continues to rise and this is why. In just a few hours, the cryptocurrency reached new heights.
Next Article -- shares link Add to Queue. Image credit: Depositphotos. January 2, 2 min read. This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process. More from Entrepreneur.
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