Bitcoin Is Now Worth $15,000 USD

All that glitters is not gold.

Tech
17,615 Hypes 0 Comments

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
More

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.

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.

These Are GIPHY's Top GIFs of 2017
Entertainment

These Are GIPHY's Top GIFs of 2017

The number one selection might surprise you.


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

Presented by The Very Warm
Featuring artwork by street artist Billi Kid.

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

Presented by ASICSTIGER
Offered in peacoat/black and aluminum/birch colorways.

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.

More ▾