Website design, development, and support
Feel free to call us: 267.261.2761

Bitcoin reaches $37.80

Posted by: In: Uncategorized 05 Mar 2013 Comments: 0

The current value for 1 Bitcoin (the internet based currency) is $37.80. It has been a roller coaster of a ride, but we may be getting to a point now where wild swings in value are a thing of the past.

About a year ago the term Bitcoin first came into mainstream news. Each one was valued at about $10. But then public interest peaked and in just a few days their value shot up to just over $30. But then the bubble burst and the value quickly plummeted to just a few dollars per coin. It was a pretty humiliating entrance into the main stream for the currency. And at this point the critics and media discounted Bitcoin and turned their interest to other things.

I have been watching the value however. I have an app installed right on the home screen of my phone. Pretty much every time I turn my phone on I see the value. And guess what. Bitcoins are now trading at an all time high.

Big name companies are starting to adopt Bitcoins as currency. It has just been reported that the domain registrar Namecheap is now accepting payment via Bitcoin. Namecheap is definitely not the biggest registrar around, but its a step forward.

Please keep in mind, I am not gloating because I know that when I wake up tomorrow and turn on my phone that value on the screen could show that the currency has plummeted yet again.

Leave a Comment!

Your email address will not be published. Required fields are marked *

Related Posts