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January 2017 "Bitcoin Reached 1,022 US Dollars"

January 2017 "Bitcoin Reached 1,022 US Dollars"

NSF - Throughout 2016, Bitcoins exchanges rate soared to exceed the government's official currency. Now, the exchange rate of one Bitcoin has reached 1,022 US dollars

The spike occurs gradually throughout the year 2016 with a total growth of 125 percent. Bitcoin exchange rate is now the highest since the record exchange rate at December 2013 ago. During 2016, Bitcoin exchanges rate every day experienced an increase of about 10 percent.

One aspect that is predicted to push-up the value of Bitcoin is increasing demand in China. Data show Bitcoin transactions in the Bamboo Curtain country increased. While on the other hand, in 2016, the currency circulating in the Chinese yuan has depreciated about seven percent.

In China, Bitcoin also attracts many people who want to trade anonymously, Because this digital currency can be used to transact globally, fast, and not under the supervision of the government of any country.

Digital currency is also so has appeal to people who live in countries with limited cash supply. Example India, which lately stop the circulation of the currency of great value.

Do not like to wear their cash and capital controls, are the two things that make Bitcoin seemed to be a logical choice, despite having a high risk. Board Member comments Aspsiasi Money Digital Britain, Paul Gordon.

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