The Bitcoin Valuation Bubble - News Summed Up

The Bitcoin Valuation Bubble


The price of a Bitcoin broke $4,000 this month. It’s up 400% in 2017, and only two years ago it stood at around $230. With 16.5 million Bitcoins in “circulation,” and the potential for 4.5 million more, the market value of Bitcoin is now a whopping $72 billion. Early Snapchat investor Jeremy Liew thinks Bitcoin will reach $500,000 by 2030. That’s $1 trillion of digital coins.


Source: Wall Street Journal August 27, 2017 21:00 UTC



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