Bitcoin becomes best-performing currency 2016

03.01.2017 - Deutsche Welle

Bitcoin becomes best-performing currency 2016

The virtual currency has continued its breathtaking rise surging past $1,000, after already winning the crown of the best-performing currency in 2016 by more than doubling its value in the course of the year.

Bitcoin was trading at a value of $1,024 in afternoon European trading on Monday, after breaking the $1,000 mark for the second time in its eight-year history on Sunday. It is now within reach of its historic high of more than $1,200 reached in 2013. In 2016, the virtual currency more than doubled in value making it the number one gainer in global currency trading. Bitcoin was launched in 2009 as a bit of encrypted software written by someone using the Japanese-sounding name Satoshi Nakamoto. … continue reading

Categories: Economics, International
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