Why Bitcoin is so high

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Why Bitcoin is so high

Bitcoin may be new digital gold, but why is it so high?

Bitcoin prices briefly spiked past $18,000 on Thursday before settling down. At this point, it’s worth it just to hang on your bitcoins, given the extraordinary run that it’s been on. The digital currency surged briefly to more than $18,000 before crashing down, according to Coinbase. It’s now trading at more than $16,000. Remember, bitcoin was valued at around $1,000 at the beginning of the 2017, but it really began its big run over the last two months. It’s so high because it’s like gold, but it’s digital, it’s unreal and untouchable. If you earn money from it then someone else is going to loose it, somewhere, somehow. Keep that in mind, it may be you.

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