If You Had Purchased $100 of Bitcoin in 2011

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It's the online currency shrouded in a literal dark web of complex algorithms and accusations of illegal activity — and now bitcoin is bitcoin value increase since 2010 a select group of geeks very, very rich. The reason why is simple: Much like any other form of currency, politics have a big role to play.

Whether he liked it or not, Donald Trump's move into the Oval office had a tremendous impact on every market. For instance, the night he won the election bitcoin value increase since 2010 November 9th, the Aussie dollar plunged two cents. Terrified about the security of their wealth, investors rapidly pooled as much capital as they could into traditionally "safe" avenues: Then, in April this year, Japan passed legislation that allowed regular retailers — like clothes and electronics — to accept Bitcoin as legal tender.

This effectively legitimised the online currency in law, prompting many buyers to snap up as many "Bitcoins" as they could, desperate to get ahead of the expected wave of growth. The more demand there was for Bitcoin, the more expensive it became.

Since the start of the year Bitcoin's "monster" rally has seen its worth grow by almost percent. It's impossible to say — since Bitcoin is not backed or regulated by any central bank or government, the base of bitcoin value increase since 2010 needed to trade confidently is overwhelming to say the least.

Have you ever invested in, or thought of investing in Bitcoin? Get in touch at smarsh nine. By Stuart Marsh May 24th, More From Business News. Ardent may develop land next to Dreamworld. Sipa defines wide copper zone at Paterson. Most Read The seven deadly sins of investing.

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Sign up to receive bitcoin daily — We find the top 3 crypto stories and deliver them to your inbox each morning. Bitcoin was created in early One of the stories that illustrate this growth best is that of two pizzas, which were bought for 10, Bitcoins, on May 22, , by a Florida developer by the name of Laszlo Hanyecz. Is there any limit to this growth, and if so, where? Here are seven of those Bitcoin evangelists, and what they think Bitcoin will go on to be worth.

Wences Casares is an Argentinian technology entrepreneur living in the US. The tech giant bought his first Bitcoins in His math works like this: First, he assumes that Bitcoin can logically replace all of the gold bullion currently held by private investors—in other words, the gold bars that people keep in a safe-deposit box or bury in their backyard, simply as a way to park their money in something more dependable than paper. Pfeffer has even higher hopes for Bitcoin — that it could eventually be to central banks what traditional foreign reserve currencies are today.

John McAfee is the founder of McAfee Associates which launched first commercial antivirus software in the late s. McAfee recently made waves in the cryptocurrency world after claiming that each unit of Bitcoin would be worth half a million dollars by He did not stop there.

There is no way of knowing whether McAfee did this to get attention or if he actually means it. Only time will tell. Jeremy Liew is a partner at Lightspeed Venture Partners, famed as the first investor in the social media app Snapchat.

The estimate was made on May 4, It is gold equivalent…there are about 20 mln Bitcoin available today. When transactions are verified on a Blockchain, banks become obsolete. Roger Ver is an early investor in Bitcoin and its related startups. By early , Ver had begun investing in Bitcoin, now with a portfolio including startups like Bitinstant, Ripple, Blockchain, Bitpay, and Kraken. Kay Van-Petersen is an analyst at Saxo Bank, a Danish investment bank which specializes in online trading and investment.

Lee and Fundstrat used an average of the percentage gained in price after each dip to arrive at the figure. Ronnie Moas is the founder and director of research at Standpoint Research, an equity research firm accounting for both traditional investments and new-time ones. Moas has also compared the wealth proposition of cryptocurrencies to that of the dot-com boom. Thomas Glucksmann, head of APAC business at Gatecoin, sees regulation, the introduction of institutional capital, and technological advances like the Lightning Network as the main factors in rising cryptocurrency prices.

Masterluc is an anonymous Bitcoin trader, known for his impressive predictions in the price of Bitcoin. Most notable was his prediction of the end of the Bitcoin bubble, which was then followed by a bearish market for multiple years. Masterluc sees Bitcoin reaching a price of between 40, and , US dollars by the end of this bull run, sharing his thoughts publicly on the TradingView platform. In his May 26th, post, the legendary trader said he expects the price to be reached sometime before The host of The Bitcoin Knowledge Podcast is basing his prediction on a day moving average.

Gold is scarce, Bitcoin is actually fixed. Bitcoin is way more portable and way more divisible. He is also an early supporter of Bitcoin and its underlying technology blockchain. Are we missing any important bitcoin predictions? Let us know and we will add them to the page.