Bitcoin Share Price News
Ever imagined transacting worldwide without any dependence on any type of currency? That’s what the concept of blockchain is. You may have heard it as Bitcoin has been used for transactions in the Silk Road.
Today, a lot of financial institutions are looking at blockchain as the future. Perhaps, you are already planning to enter the blockchain hype?
If you are looking for investment, keep in mind that there are many cryptocurrencies in the market today. There are Etherium and Litecoin among many other companies. If you are looking for a way to boost your current assets, it is imperative that you first know how the entire blockchain concept works.
Bitcoin Price News Today
For one, Bitcoin is the number one currency that has become popular over the years. First, what makes Bitcoin’s price rise? There are many reasons behind it. First, it is all about perception. If people are willing to pay for it for a much higher price, then it is going to increase in value. In its history, Bitcoin’s value peaked in $3000. It has benefitted on the turmoil of other currencies due to politics. For instance, US dollar, for instance, has fluctuated even on Trump’s single Tweet. On the other hand, Euros became weaker as Great Britain withdraws from the European Union. It is also true when it comes to the Yuan. It has become significantly weaker over the years due to different political and economic factors. As for Bitcoin, it is apolitical. This means that it is capable of withstanding different political instabilities.
Next, let’s discuss supply and demand. Gold has become a great asset over the years mainly due to the fact that gold is a limited resource. That means gold is hard to mine. The same goes for Bitcoin. There are only 21 million bitcoins. That means over the next years, it is expected that it is going to become harder to mine.
Since a single bitcoin costs thousands of dollars, it is possible for you to buy a fraction of bitcoin. In fact, the smallest amount of bitcoin that you can have is one Satoshi. This pertains to one hundredth million bitcoin.
If you are looking at the bitcoin price news worldwide, you will realize that yes, we are looking at the possibility of a single bitcoin even surpassing its current peak. But is this the only way that you can earn from Bitcoin?
There are a lot of individuals before that used mining in order to earn their bitcoins. Over the years, as the ledger grew, it is no longer possible for small time miners to earn this way. It is imperative to have high-end computers and air conditioned rooms to make things profitable. This only means that in order to earn as a miner for bitcoins, you will need to invest on infrastructure.