Bitcoin Is Now Worth $15,000 USD

All that glitters is not gold.

By //Tech

Just a week after Bitcoin‘s value shot up to $10,000 USD, the cryptocurrency has already skyrocketed up by $5,000 USD to over $15,000 USD per coin. This is a shocking change since the beginning of 2017, when it was estimated at a mere $800 USD.

Since September, Bitcoin has ballooned in value by over $7,000 USD. Skeptics are cautiously predicting that the volatile cryptocurrency’s bubble will burst, and a short is expected. Indeed, just after reaching the $15,000 USD mark, Bitcoin’s value stumbled and fell back down by $200 USD. Conservative speculators also point to the incredible energy costs necessary to continue harvesting Bitcoin, which requires as much annual energy as the entire country of Denmark.

Despite its potentially unsustainable future, some investors like Walter Zimmerman look at the cryptocurrency as if it’s a “game” in which “the goal is to get the highest possible score.” Bitcoin’s unpredictable investment and earned disdain from a Nobel Prize-winning economist may scare some speculators off, but the possibility to become an overnight billionaire may be too tempting for others. What do you think — is the unstable crypto worth your money? After all, its market cap currently lords over McDonald’s, Disney and IBM.

Read Full Article
Source
The Verge
Bitcoin

You may also like

Bitcoin Is Now Worth Over $7,000 USD
Tech

Bitcoin Is Now Worth Over $7,000 USD

The digital currency’s price has risen 600 percent since the beginning of the year.
12,140 Hypes 0 Comments
Bitcoin Is Now Worth Over $10,000 USD
Tech

Bitcoin Is Now Worth Over $10,000 USD

Will we see a crash?
15,853 Hypes 0 Comments
Bitcoin Is Now Worth More Than IBM, McDonald's & Disney
Tech

Bitcoin Is Now Worth More Than IBM, McDonald's & Disney

After hitting an all-time high of $9,721 USD per unit.
44,326 Hypes 0 Comments
Hackers Steal $70 Million USD Worth of Bitcoin
Tech

Hackers Steal $70 Million USD Worth of Bitcoin

Another massive cyber heist.
87,721 Hypes 0 Comments
China's Tencent at $534 Billion USD Now Worth More Than Facebook
Tech

China's Tencent at $534 Billion USD Now Worth More Than Facebook

A first for a Chinese company.
7,914 Hypes 0 Comments
All 30 NBA Teams Are Now Worth Over $1 Billion USD
Sports

All 30 NBA Teams Are Now Worth Over $1 Billion USD

The league may be on track to surpass the NFL in wealth.
4,349 Hypes 7 Comments


What to Read Next

maharishi Reunites With Graffiti Legend PART ONE
Fashion

maharishi Reunites With Graffiti Legend PART ONE

Celebrating its soon-to-open Tribeca flagship.
1,736 Hypes 0 Comments

Supreme's London Fans Brave the Rain to Flex in Fresh Box Logos
Fashion 

Supreme's London Fans Brave the Rain to Flex in Fresh Box Logos

Bogos abound on the streets of Soho.
57,759 Hypes 0 Comments

These Are GIPHY's Top GIFs of 2017
Entertainment

These Are GIPHY's Top GIFs of 2017

The number one selection might surprise you.
1,796 Hypes 0 Comments


The Very Warm Redefines Coach Jackets and Reversible Bombers in Its NBALAB Fall/Winter Collection
Fashion 

The Very Warm Redefines Coach Jackets and Reversible Bombers in Its NBALAB Fall/Winter Collection

Featuring artwork by street artist Billi Kid.
1,550 Hypes 0 Comments

Brave the Elements in the New ASICSTIGER Weather-Proof GEL-MAI™ G-TX Sneaker
Footwear 

Brave the Elements in the New ASICSTIGER Weather-Proof GEL-MAI™ G-TX Sneaker

Offered in peacoat/black and aluminum/birch colorways.
3,366 Hypes 0 Comments

A Closer Look at Converse x J.W.Anderson "Glitter_Gutter" Pack
Footwear

A Closer Look at Converse x J.W.Anderson "Glitter_Gutter" Pack

Complete with a film from Larry Clark.
5,342 Hypes 0 Comments

More ▾