Cryptocurrency is one of the biggest inventions to date. Bitcoin, being a cryptocurrency, is the digital currency which is expected to replace the future currencies very soon. With each bitcoin worth a thousand dollars, this payment method has taken an incredible spike in the last few years. Its initiative first took place in 2008 with no desirable feedback howsoever. After two years, this digital currency was able to grab global attention. By 2014, its commercial value had taken a toll, but an unfortunate event occurred which put the entire system in gridlock.
Biggest fallout in the history of Bitcoin
The estimated value of Bitcoin by the end of 2020
As suggested by many entrepreneurs, the currency of bitcoin might not be as effective as that of printing money because of frequent fluctuation in the bitcoin’s value, while on the other hand, many tycoons believe that bitcoin exchange is the best cryptocurrency till now. Many still believe that even though the pandemic has adversely affected the performance of bitcoin, it is still very possible that the situation will take a positive turn by the end of 2020. It is estimated by many entrepreneurs that the value of each bitcoin might reach as high as $1 million.
