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Bitcoin has continued to soar in price as a result of increased attention and investors as it's value rises above $14,000Bitcoin Value Reaches $14,000

The digital currency Bitcoin has continued to soar in price as a result of increased attention and investors as it’s value rises above $14,000.

Bitcoin started off the year below $1,000, then surpassing it and only last week reached $10,000. Despite the warnings from renowned economists and business leaders, its has continued to appreciate in value.

In Asia, it surpassed two milestone $12,000 and $13,000 within 24 hours on Thursday before skyrocketing to the sum of $14,000 per coin. In Hong Kong, the coin traded around $14,200 after briefly nosediving below $13,400.

Bitcoin has however suffered a series of depreciation this year, a reminders of its extreme volatility after it’s sharp dive to $2,000 per coin from  $11,000 last week before it continued it’s climb.

The rapid rise in value of the e-Currency this year has been attributed to the projection that established fund managers might start investing heavily into the virtual currency as it gains legitimacy.

Bitcoin is one of many cryptocurrencies, virtual “coins” that are “mined” by computers using complex algorithms.

Entrepreneur • Independent Recording Artiste • Founder http://verge24.com & Saved to Save Foundation™

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1 Comment

1 Comment

  1. Everette Kopchick

    January 18, 2018 at 6:10 pm

    Hello! I just wanted to ask if you ever have any trouble with hackers? My last blog (wordpress) was hacked and I ended up losing several weeks of hard work due to no data backup. Do you have any methods to prevent hackers?

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