At the moment Bitcoin is valued more than gold.
It has exceeded $177 billion dollars and over 400,000 transactions a day are taking place.
Bitcoin is starting to catch the eye of the common man and it is getting more and more expensive by the day.
It is worth over $14,000 as of early December 2017.
One of the hidden dangers of crypto currencies is the risk of falling prey to scammers because the phenomenon is new and people just jump into it without investigating it. If it is too good to be true, it probably is. If someone say you will be rich overnight it is too good to be true.
Governments and central banks cannot handle or control the crypto currencies because they are not centralized to be regulated by law. Of course they are trying to get hold on these currencies but can you tax something that is not tangible? You cannot touch it, feel it or put it in your purse.
Bitcoin has a limited supply of 21 million coins and the last term of mining Bitcoin is probably in the year 2040 or a hundred years later. Already half the limited amount of Bitcoin is mined and it is getting more difficult to mine when it approached the limited amount of 21 million Bitcoins.
According to John McAfee, an anti-virus software developer, Bitcoin is not in a bubble because it is not a fiat currency.
