Unless you’re living under a rock, you’ve probably heard about the Bitcoin value that won’t stop soaring to the sky. Investors who got into the game early stand to make billions from the digital cryptocurrency, the price of which at the time of this article’s writing stands at just over $11,100 per coin. At the beginning of November, it was worth just over $6,000 per coin. At the very beginning of the year, it was worth $1,000 a coin.
You can probably understand the enthusiasm if you bought up a lot of them a few years ago when they were only thirty bucks a pop, or in 2011 when they were worth a single meaningless real-world dollar. If you’re crying at your lack of foresight right now, you’re most definitely not the only one.
What you probably don’t know is that this rollercoaster ride of exponential growth was predicted by that same group of people, and yet more growth is expected. We’re not going to sit here and tell you to get on the money train, because every bubble bursts eventually, and it’s hard to imagine that the unusual form of currency can sustain this type of growth for long. Here’s what you should do if you’re interested: your homework. Learn as much as you can about Bitcoin and similar cryptocurrencies, and gobble up as much of the history as you can. Then make an informed choice whether or not to buy.
If you’re completely in the dark about Bitcoin, what it is, or what it can do, then take a gander at this neat infographic that sheds light on 62 interesting facts about Bitcoin–courtesy of our friends at bitcoinplay:
It’s amazing to think that a way of transferring money online has come so far and generated such interest as Bitcoin has. Who knew that the FBI owned such a big piece of the pie? When will we begin to see our own Bitcoin ATMs? Will Bitcoin value continue to grow? There are a lot of questions to answer, and only time can do that. Stay tuned.