Bitcoin price

Bitcoin is a digital currency that can be transferred and used to make payments anonymously with rigorous high charges for transfer .

. The virtual currency transactions are recorded by a ledger known as the blockchain which is run by so-called ’miners’.

Bitcoin has been around for eight years. Secretive internet user, Satoshi Nakamoto, invented bitcoin but his true identity

has never been revealed.

Bitcoin price plummeted after a series of banks imposed a ban on customers using credit cards to purchase the digital currencies.
Bitcoin price decreased to $6,310.83 at 11:45am on Tuesday, according to CoinDesk. It saw its highest value before
Christmas when it reached the monumental price of just under $20,000.

“So if you look at a $100billion market cap today, now last week it might have been more like 200, so it's actually a buying opportunity, we think that there's a potential appreciation of 30 to 40 times because you look at the gold market today, it's a $7trillion market.

“And so a lot of people are starting to see that, they recognise the store of value properties.

“So we think regardless of the price moves in the last few weeks, it's still a very under appreciated asset.”