Bitcoin Price Reach 17000 USD
Bitcoin Price Reach 17000 USD – As of December 13, 2017 11:15 a.m. EST, bitcoin value reach $17,000 per bitcoin, and set a record high of $17,482. According to Coinbase, the largest bitcoin exchange.
In just one week bitcoin value risen to $5,000 and now going up and down because of it’s volatility. Last week it went down to $13,400 and after the following day it risen again for $16,400 and didn’t stop climbing until it reaches $17,000.
In January earlier this year the price of bitcoin was only $1,000. Then after dumping of coins that came from China the bitcoin value still went down to $300 per bitcoin. China is against bitcoin and made a law to ban trading bitcoin websites that is owned and managed by their citizens.
Last November 5, 2017, Chinese policemen cough bitcoin miners saying they are using stolen electricity to power their miners. Over 1,000 miners were seize in the said bitcoin miner factory raid.
While China closes it doors to bitcoin, Japan announces that it will open it doors for bitcoin. Japanese open the largest bitcoin trading and it is supported by their government. Months later bitFlyer Inc. is opening it doors to the United States after getting approval from the US government.
The CME group which is the owners of Chicago mercantile exchange will start trading bitcoin futures starting December 18, 2017. The CME gave approval for the exchange to create bitcoin futures after six weeks of discussions. The price of bitcoin futures will be based on the price the digital currency on four major bitcoin exchanges which are GDAX, itBit, Kraken and Bitstamp. source Inquirer
When wall street is involve there will be more investors and bitcoin will now be more recognize. The price of bitcoin will again soar up to new heights. FundStrat Global advisor co-founder Tom Lee predicted that bitcoin would rise $25,000 per bitcoin by the end of the year 2022.
The opening of trading of bitcoin is a very good news to bitcoin traders. If an individual person don’t know how to trade to earn bitcoin, then there’s always bitcoin mining. Bitcoin miners are very important in the security of the bitcoin network. They are rewarded bitcoin to ensure that there wont be any double spending when a bitcoin owner spends his bitcoin.