The price of the btc had surpassed the $ 4,900, after rising more than 500% so far this year.
The bitcoin has just reached $ 4,700 this week, which is equivalent to a 500% increase so far this year. The strong rise recorded in the last weeks is due to the recent division in two that led the digital currency in the original bitcoin and a new and cheaper derivation called bitcoin cash and the buying fever that is occurring in some countries, example, Japan. The main advantage of bitcoin cash is its new software that allows for faster transactions. The possibility that the bitcoin system can manage a greater volume of transactions and at a faster rate also increases its attractiveness as a digital currency.
But this novelty only explains the last revaluation of the cryptonnet. In 2009, for example, 5,000 bitcoins could be purchased for less than $ 24, with a current value of $ 23.5 million. Also, if you bought $ 500 in bitcoins in 2013, you would have about $ 42,500 today.
Although its volatility is very high, with large and sudden ups and downs, the issue is that the brief history of bitcoin has become one of the fastest and most intense revaluations in recent history, far superior to that of other similar stock events , as reflected by analyst and investor Jonathan Tepper in the next tweet. The rise in bitcoin far outweighs both the speed and the size of the Nasdaq bubble in the 1990s, the mortgages of the late 1990s and early 1990s, or the oil and silver markets of the early 1900s .