Although last year's star-studded Bitcoin, other virtual funds are preparing to push the summit. The Reuters agency reported that in particular, Ripple and Ethereum could talk about the name in 2018.
Last year, while Bitcoin gained about 1200 percent, the virtual currency Ripple created by the founder of Bitcoin stock exchange Mt Gox rose by around 35 percent during the same period. According to this, in January 2107, Ripple deposited 100 dollars at the end of the year was 35 thousand dollars. Although Bitcoin is the biggest virtual money with a market value of 250 billion dollars, it is worth noting that Ripple's market value of the second row approaches 100 billion dollars. Ripple created in 2012 is used as payment technology by some companies like UBS and Santander. In November 2017, he introduced a blockchain payment system using American Express Ripple.
Virtual money behind a state or central bank guarantee is seen as very risky and is experiencing very sudden price changes. As a matter of fact, bitcoin, which saw 20 thousand dollars worth of money together, experienced a serious decline towards the end of the year. Bitcoin's value declined 11.5 percent on December 30, 2017, 2.7 percent on January 2, and then declined to 12 thousand 835 dollars.
According to the Wall Street Journal, the US investor Peter Thiel is a partner, and the founders Fund, which provides equity to venture capital firms, bought $ 15 to $ 20 million of Bitcoin.
The international payment system According to PayPal's founding partner, Thiel, who invested in Facebook for the first time outside in 2004, said that the acquisition of Bitcoin gives confidence to investors, stressing that the demand for virtual currency may increase.