For much of 2012, 1 Bitcoin was worth just a few American Dollars, & within just a year or so (in December 2013), its value peaked, at $1,230. This represents a change in price in excess of 500%. To put this into perspective, when it was announced that the UK had voted to leave the EU, the British Pound (CURRENCY:GBP) fell by around 10% relative to the Dollar, and this was considered a big drop.
Many FOREX investors trade this cryptocurrency, as its volatility presents them with an opportunity to generate large returns. As with all currencies, owning it doesn’t yield a dividend (like on shares) or a coupon (like with bonds.) Some CFD & Spread Betting brokers (such as IG Index) allow traders to trade Bitcoin (CURRENCY:BTC).
Fundamentally, this unique currency was created less than a decade ago, & and it has experienced huge fluctuations in value. There is no reason to believe that these vast changes in price won’t occur again, so it is virtually impossible to guess its future value. In other FOREX related news, it has been speculated that the Federal Reserve may lower interest rates to weaken the US Dollar.
https://learnbonds.com/129948/bitcoin-worth-1-10000-2030/
Topic: [2016-07-07] Bitcoin (BTC) Could Be Worth $1 or $10,000 in 2030 (Read 272 times)
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