Bitcoin could also be digital foreign money, however why would anybody spend it?
At this level, it is price it simply to hold in your Bitcoins, given the extraordinary run that it has been on. The digital foreign money surged previous the $16,000 mark, and now trades at $16,178.38, in keeping with Coindesk.
Keep in mind, Bitcoin was valued at round $1,000 at first of the yr, however actually started its huge run over the past two months.
At its present fee, it could hit $17,000 earlier than the top of the day. Whereas critics worry there is a bubble within the making, the foreign money continues to rise in worth.
Replace, eight:22 a.m. PT: To notice Bitcoin already handed $16,000.