A cryptocurrency that gained a foothold in the financial world by launching on the back of a major stock market crash, and has since taken off as a popular alternative to conventional currencies has been gaining popularity.
But what exactly is Bitcoin?
The term Bitcoin was coined by a developer named Gavin Andresen, and it refers to a virtual currency that is digital, decentralized and anonymous.
It uses a mathematical algorithm to verify transactions, which are then recorded on a peer-to-peer network.
The digital currency has been used to buy goods and services, like goods and gas, from businesses around the world and even as a payment method for people who don’t have access to a bank account.
It’s also an online currency that can be used to exchange cash for Bitcoins.
Its also been used by the online community to trade currencies like the dollar and euro.
So, what is Bitcoin worth?
The digital value of Bitcoins fluctuates.
The most recent high was $1,818 on August 3, when the value of a single Bitcoin was worth $266,800.
That was followed by a high of $8,971 on August 16, which was a record low of $1.11 per Bitcoin.
The value of an average Bitcoin on exchanges was $9,813 in late August.
But now that the digital currency is trading at about $2,000 per Bitcoin, its worth is rising, especially as the currency has soared in value.
At the end of last year, the average Bitcoin was trading at $1,-700.
That value has risen to about $1 a Bitcoin this week.
The latest high in Bitcoin is set to be reached around the end on Wednesday, when it will be at $2,-600, according to the Bitcoin Exchange Rate Service (BEX).
Bex data shows that the average value of Bitcoin in the last 24 hours has jumped by $3,600, or 9 percent.
That is a rise of more than 20 percent.
The average Bitcoin price also has risen by $2.80 per Bitcoin to $1 at the moment.
So what’s driving the Bitcoin price up?
It’s not only because people are buying more Bitcoin and using it as a currency, but because the value is going up.
The currency has risen from about $500 to more than $1 billion per day, according the Bex data.
The price of Bitcoins has been soaring since January 1, when a surge in demand for them prompted the Bitcoin exchange website to launch its first Bitcoin futures contract.
This year, Bex said it expects Bitcoin to continue to soar to $2 billion in the first half of 2019.
The Bex website says the market for Bitcoin futures has grown by almost 5 million new investors since its launch in January, which will give the cryptocurrency a market capitalization of more then $10 trillion.
The value of all Bitcoins has surged by more than 40 percent to more then US$16 billion since the beginning of the year.
The cryptocurrency has a market cap of more that US$4.7 trillion, according data compiled by CoinDesk.
The rise in value of the digital asset has caused concerns in the investment community about how it’s being used.
“Bitcoin is a bubble, and its a bubble in a bubble,” said Adam Ludwin, CEO of Blockchain Capital, an investment firm.
The Bitcoin bubble has created a market bubble, which means the market is inflated and that’s what’s causing the price to rise.
Bitcoin is going to be a bubble and the price is going get inflated and we need to be aware of that.
Ludwin said the price of Bitcoin has reached a level where it’s making it difficult for anyone to sell a Bitcoin.
“That makes the bubble worse, because people can’t sell and you have a market that’s inflated and it’s creating a lot of risk for everybody,” he said.
“There are all kinds of risks.
There are all sorts of ways people can lose money, including the risk of being ripped off, losing everything.”
What do you think of Bitcoin’s price rise?