Bitcoin has had an incredible year; prices of bitcoin have surged massively during 2016/17, reaching amazing highs as investors look for value investments outside the traditional currency channels.
The nature of how bitcoin works is highly controversial; it’s digital and, unlike money, is not regulated in most markets like traditional currency and currency trades. And because of its digital nature, it is now a prime target for hackers.
But A LOT of people have made A LOT of money from Bitcoin. And there’s plenty of volatility left in the game, even more so after incidents like this breach.
Top this off with the insane price of bitcoin right now and you have a heady mix of factors that make for plenty of action inside the most popular cryptocurrency market on the planet. How popular is bitcoin these days? According to reports, bitcoin mining now consumes more electricity than the whole of Ireland.
Yep. That’s a lot of mining.