The Mystification revolving around Bitcoin Price simplified
Bitcoin needs no formal introduction these days. The world at large apprehends this virtual currency irrespective of their age and profession. So, saving some lines in this post by not explaining what bitcoin is! Just at the moment, you are in the know about bitcoin, the very next thing that hits your mind is “Bitcoin Price”. It has always been a matter of concern for investors. A price that touches almost $20k mark from zero and then down to $3k surely intrigues the populace. Source: Photo by Dmitry Moraine on Unsplash Bitcoin and other cryptocurrencies were at the center point of attraction in December 2017. This is because the ones who had bought bitcoin at lower prices turned into millionaires overnight! We can mark this particular time period as a milestone in the history of bitcoin. So, obviously, this price hike made people attentive towards bitcoin (even those who were not aware of it!). Then came a mass buying phase which dropped the price of bitcoin to an