Why Is Bitcoin Surging, and How Long Can This Continue? | Techno Rhyno


The value of Bitcoin keeps rising. As we write this, in the last 48 hours itself, Bitcoin has risen nearly $3,000, and is now valued at around $14,800. Less than a month, ago it was nearly 40 percent of that, listed at $5,750 on November 12. And if you had invested at the start of the year, you’d be sitting on over 14x returns right now, as a single Bitcoin was worth less than $1,000 on January 1.

After some lows in 2015 Bitcoin has been headed upwards, first steadily, and then dramatically as of this year. What’s less clear to many, including people trading in Bitcoin and various experts, is why. Having spoken to a lot of people for this story, we got a sense that there aren’t many good answers, and if that sort of talk makes you nervous about investing in Bitcoin, good. There are some real fears that this is a bubble, and if you don’t do your research carefully then there’s a good chance that you’ll lose money if you “invest” in Bitcoin.

What Is Bitcoin, Should You ‘Invest’ in…

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