Cryptocurrency and Bitcoins are not new to anyone. But if it is, Bitcoin is a digital currency that exists as a string of computer code and has no physical form. There are no middlemen, like the bank, and transactions can be made from apps and computer similar to that of digital cash. Although, the last year was a bit of slump for Bitcoins, where billions of dollars were wiped off and a number of different cryptocurrency exchanges were closed, because of the regulations and fall in prices. Bitcoin convert rates keep changing every second.
Using bitcoins and other cryptocurrency, people could directly take control of their assets, rather than having a banking institution to be in control of their money. This made it more appealing among the general public. However, what made it so popular, is its capability to become multifold in terms of its value. Known as the future of payments, cryptocurrency has been the talk of the town for the last few years and have seen many ups and downs in its prices.
How much is it Worth Today?
There was a time when a single bitcoin was valued at around $20,000 USD. However, much of its value was wiped out last year, due to a variety of reasons from regulatory restrictions to less demand to Google banning ads of bitcoin promotion – bitcoin today is valued at $4082 on March 29, 2019. However, by the time you will read this article, the prices might have probably changed.
Bitcoin, that saw a high of around $20,000 plummeted drastically in the year 2018, but have also recovered largely in the last few months, but still is nowhere near to its all-time high. Still, a lot of experts believe that bitcoin has a lot left in itself and is the future of payments all around the world.
How can you Buy Bitcoin?
Bitcoin is a cryptocurrency that can be bought through a number of different exchanges around the world. Coinbase is one of the popular exchanges that allows investors around the world to get their hands on bitcoin. You can buy using the app or website of Coinbase through your mobile or desktop devices.
You can buy bitcoins even infractions. In simpler words, it means that as an investor you do not have to buy one entire unit of cryptocurrency. You can even buy it for $50 or $100, as per your choice and your investing capabilities. This cryptocurrency can be stored inside a digital wallet provided by different exchanges and can also be used to make transactions in the shops and website that accepts cryptocurrency.
Over the last few years, bitcoins have seen many ups and down in its value, from touching the all-time high of around $20,000 to reducing to 80% of its value in 2018 and coming back at $4000 today, bitcoin operates a very high volatile market. Though, many experts and pundits still believe it to be the future of digital payments and assume it has a lot of potentials to be the leader in digital payments. Being said that, only time will tell, what bitcoin has to offer tomorrow and in the future.