Sateira Software

Bitcoin exceeds $ 5 mil mark for the first time

The value of bitcoin surpassed the $ 5,000 barrier for the first time on Thursday and set its new record high, according to the Financial Times.

At 12:05 AM, the digital currency was worth US $ 5,345.38 (equivalent to R $ 16,909.04), an increase of 10.73% during the day, according to data from the Bitstamp page.

The price of bitcoin in dollars rose more than 750% last year. Some experts warn that the digital currency is immersed in a bubble that can explode at any time, while others consider that it is still possible to increase this value.

Recent weeks have shown episodes of volatility in the price of bitcoin. In mid-September, the value dropped to about $ 3,000, after China announced an investigation into local companies working with the currency.

Despite the warnings about a possible bubble, the use of bitcoin has continued to expand in many areas. In September, London real estate The Collective announced that it will allow tenants to pay rent on bitcoins, while Japan has taken various measures to regulate its use.

Bitcoin is based on a technology created by an engineer known by the pseudonym Satoshi Nakamoto, whose real identity is unknown. The system, global and decentralized, allows direct transactions between users, without intermediaries, that are registered in a public database.

Leave a Comment

Your email address will not be published.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