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If any lucky investor spends $ 1,000 to buy Bitcoin for just $ .05 in 2010, then the fortune is now $ 46 million.
Bitcoin's rapid price hike has prompted many investors to rush to buy, even though the virtual currency has not appeared in less than a decade, yet its sustainability has not been confirmed.
Get rich quick thanks to Bitcoin?
"Bitcoin fever" is referred to as the "Tulipmania" "dot com" or the "whirlwind" of gold.
The Bitcoin virtual currency market is such a bubble that the digital currency has recently collapsed. Particularly, May 24th, Bitcoin prices unexpectedly fell from the peak of $ 2,420, but still kept growing more than twice in just two months.
If a lucky investor spends $ 1,000 to buy Bitcoin for $ .05 in July 2010, their fortune is now $ 46 million.
The question is: What makes Bitcoin so fast? Is it just a "whirlwind" speculation? Or is virtual currency playing an increasingly important role in international transactions? Or the "anonymity" of the coin Bitcoin has a special appeal?
It can not be denied that Bitcoin's dizzying price hike has attracted the attention of investors for lucrative speculation despite the investment in the virtual currency as a "magic trick".
Where is the power of Bitcoin?
Unlike tulips, Bitcoin virtual currency has real value, which can be used in specific commercial transactions, from pizza to computer purchases. Besides, Bitcoin is also used in fishing activities
The value of the Bitcoin virtual currency has risen sharply, from about $ 1.1 in 2013 to nearly $ 200 a year later. At present, the price per Bitcoin is even higher than the net gold.
However, there is no central bank currently managing Bitcoin.
Not just a regular digital currency, Bitcoin is aspiring to become a currency with the same strength as the euro, the Japanese yen or the US dollar.
Despite the risks in transactions, Bitcoin virtual currency is increasingly popular and popular. Even so, Bitcoin's "anonymity" prompted some governments to be reluctant to legitimize the currency. Therefore, it is necessary to closely monitor commercial transactions through Bitcoin to prevent illegal activities such as gambling, smuggling and drug trafficking.
Continuing to break records, Bitcoin has risen more than 200% since the beginning of the year - higher than all major indexes of all world stock markets.
In early March, the price of a Bitcoin virtual currency surpassed an ounce of gold, marking a record for digital currency this year.
In early April, Japan officially legalized Bitcoin, which made the virtual currency continue to appreciate.