Bitcoin is web-based digital cryptography currency, which is invented by an unidentified group of programmers on 31 October 2008. Bitcoin is digital cash and not backed by any government or central bank regularity, which is used for purchase of goods and services from select stores and online portals.
Bitcoin Index surged around 4% to 970 per dollar yesterday in pre-New Year holiday trade yesterday hitting its highest levels since January 2014. The index rallied almost 30% this month and 95% this year amid heavy buying from China and India as investors look to shield themselves from currency devaluation and cash shortage in the market. Bitcoin is one of the best performing assets of 2016.
I am not sure about the accuracy of the post as this is the first time i am hearing about a feature that describes about the invention of bitcoin by a group of programmers. It is just an assumption and if you look at the code it is really hard to believe that a single individual could come up with this idea but then the reality is it is developed by a single individual without any doubt,yes the price has crossed the $1000 hurdle and i hope the price will stabilize soon. Bitcoin Index surged around 4% to 970 per dollar yesterday in pre-New Year holiday trade yesterday hitting its highest levels since January 2014. The index rallied almost 30% this month and 95% this year amid heavy buying from China and India as investors look to shield themselves from currency devaluation and cash shortage in the market. Bitcoin is one of the best performing assets of 2016.
