If you’re looking for trustworthy, insightful information on the value of Bitcoin, you’ll find it right here on this page.
In terms of Bitcoin’s value, there is more than one answer to the question, “What is the value of Bitcoin?” In fact, there are many correct answers to that question.
Frequently, when that specific question is asked, the person is looking for a numerical price quote, such as “one Bitcoin is worth ____ amount of dollars.” This price quote is formally called the exchange rate. Bitcoin itself is a digital currency, and can be exchanged into many other currencies of the world such as the USD, the Yen, the Euro, the British Pound, the Chinese Yuan, etc.
Most people think in terms of the prevalent currency of their country. For Americans, that would be the U.S. Dollar. For the Japanese, that would be the Yen. For the British it would be the Pound. Etc.
If you’re inquiring about the value of Bitcoin and seeking an answer to the question, “How much is one Bitcoin worth,” you’ll find the current, up-to-date answer by visiting our page on the major Bitcoin exchange rates.
If you’re seeking more generalized information on the worth of Bitcoin other than its specific exchange rate value into your currency of choice, then please continue reading.
When examining the historical value of Bitcoin, it is very evident that the monetary worth of Bitcoin is rapidly climbing in relation to all of the world’s major and minor currencies.
There a very powerful reason for this phenomenon: Bitcoin is changing the paradigm of money in a manner that is very similar to the way that the personal computer changed the way that we process, store and retrieve information.
Throughout history, whenever there was a major paradigm shift as a result of technological advancement, the early adopters and promoters of the new technology became extremely wealthy. Think Bill Gates and Microsoft as a modern day example.
The same thing is happening to those few visionaries who are early adopters of Bitcoin. The most eye-opening example is the story of Kristoffer Koch, who invested a paltry sum of $26.60 into Bitcoin shortly after it was introduced. He forgot that he even made the purchase, until a few years later. To his amazement, the Bitcoins that he purchased for less than $27 had grown in value to a whopping $886,000.
Many people are wondering if Bitcoin has reached its full potential value. The simple answer is no, it hasn’t come anywhere close to reaching a long-term, stable price plateau. Far less than 0.000001% of the population is using Bitcoin for buying and selling. BTC is still in its infancy, and has yet to experience the exponential growth in value that is sure to come as the masses accept and adopt Bitcoin as a genuine currency and form of payment.
When that point is reached, there are credible estimates that the future value of Bitcoin could reach $1 million each.
The following video is several months old, but will not become outdated any time soon: