The Bitcoin It is the fastest growing investment so far this year, but not many users have good expectations for the future that this type of currency, called cryptocurrency or cryptocurrency, holds for us.
Bitcoin is a digital currency, that emerged after a financial crisis and is not managed by any bank or government. It allows people to avoid banks and traditional payment methods for products or services. An idea that caught the attention of many investors, mainly because its price has increased more than 900% in this 2017. Bitcoin must be stored online using a digital wallet, and can only be bought or sold through transactions on sites such as Bitstamp, Kraken or Bithumb.
But while the Bitcoin It is gaining power, increasing the fear that a potential failure is in the making, as Bitcoin has begun to be treated less as a currency and more as a security to store.
Finance experts compare to Bitcoin with previous failures, due to its extreme volatility. The data we have dating back to 2013, indicates that Bitcoin is currently worth six times more than its price in 2013. During 2017 the volatility of the currency is very clear, only during the past week the value of Bitcoin rose to $ 11,329, then fell to $ 9,146 to recover to $ 10,700.
A restaurant in London known as "Silicon Rondabout" uses Bitcoin as its currency to process your payments. The restaurant owner comments that they are not at risk of the currency's value collapsing, as they make payments through an application that automatically converts Bitcoin payments into British pounds. What earns the owner interest is the low costs of processing payments, as opposed to the exorbitant fees charged by credit card companies.
The debate about whether Bitcoin will prosper as an investment in the future is in doubt and there are divided opinions among financial experts, however, Bitcoin is gaining great interest from entrepreneurs and investors, who are finding good uses for this new type of digital currency.