Bitcoin breaks all previous records and touches the new heights currently 1 Bitcoin equals to 6080 US Dollar at the time of writing. If we compare it with last month’s rate on 7th september bitcoin was cross the milestone of 4000 US Dollar that means 2000 US Dollar increased in just 1 month which is a massive increase.
Because of Limited supply and huge demand cryptocurrencies are become more valuable these days but if we compare bitcoin with other cryptocurrencies no other currency has a chance to stand against the bitcoin no matter if it is LiteCoin, Ethereum, Zcash, Ripple or Dash.
However the value of the bitcoin is increasingly decreased. It usually goes from 26% profit to 16% deficit in just one day. However, last day on 4 p.m. Friday, Bitcoin was up about 7% over a 24-hour period and crossed a $ 6,000 milestone.
Bitcoin rate increased 500% this year that means bitcoin is currently the most precious than the gold, silver, oil or anything that can be use to trade. However, bitcoin is still virtual currency and a big risk for all as you know few weeks ago JP Morgan boss Jamie Dimon said that Bitcoin is a fraud sooner or later it will blow away but before blowing away it may cross $ 10000+.
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