Bitcoin - 100,000,000 % Return in 7 years
In 150 countries of the world, when Ransomware attacked, ransom was demanded only for Bitcoin. Since then, this virtual currency is in discussion. We also told Bitcoin that after all this is what (see here). In fact, it allows people to buy and exchange currency without credit, credit card issuers or other third party goods and services. The government has also sought the opinion of ordinary people regarding this digital currency. Bitcoin is also very beneficial in terms of investment.
Seven years ago, a bitcoin was priced at less than a cent and today its price is around $8000. Bitcoin fans celebrated Bitcoin Pizza Day on Monday on its anniversary. The special feature of this ceremony was that a programmer spent 10,000 bitcoins for two Papa John's Pizza.
Now the question arises, how did Bitcoin gather so much strength in just seven years? In response, Japan's new rule allowed retailers to take bitcoin in the country. This is the reason why 40 percent of the total business from Bitcoin is Japan. Apart from this, due to uncertainty in the global economy, Bitcoin has received benefit of the upheaval in the general currency market.
Actually, some small traders and especially online retailers are also trying to make Bitcoin a payment option. However, most investors are of the opinion that even though it has cleared some hurdles and showing strength in a very short period of time, there is a lot of risk in investing in Bitcoin.
US President Donald Trump has expressed a desire to weaken the dollar so that the American goods could have demand abroad. In the CNN.com report, it has been said that many important members of the Trump Administration including Budget Director, Vice President and Chief Economist have supported Cryptocurrency and the Technology behind it known as the Blockchain. It is a different matter that no government has supported Bitcoin . As has been said, this is a digital currency consisting of a Blockchain. It is considered so revolutionary that many banks are trying to make it the backbone of their payment system.