Guardian Article Puts Spotlight on Bitcoin as an Investment

Bitcoin is looking more attractive to potential investors particularly those who have had some disappointments using traditional forms of investments such as in the stock market or gold market.
Investments in the digital currency have more than doubled in the past twelve months. According to CoinMarketCap, one bitcoin was worth about $230 around September 2015. Compared to its current rate of about $580 (as at the time of this writing), it has attained an increase of more than 150% in value.
The price of bitcoin has fluctuated wildly since it was launched in 2009. In 2010, two pizzas were bought for 10,000 bitcoin. Three years later, one bitcoin was worth $1,000 in value.
It has also been through several ups and downs such as hacking controversies. In 2014, it was Mt Gox. Earlier this month, Hong Kong-based Bitfinex exchanged was hacked and bitcoins worth about $78m were stolen causing a 20% drop in the value of the currency.

This post was published at Crypto Coins News on 23/08/2016.