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After dizzying gyrations, what s bitcoin really worth? | Money

LONDON, Jan 17 After the latest wild ride took the poster child of cryptocurrencies above US$40,000 before a stomach-churning plunge, the million-dollar question won’t go away: How much is bitcoin actually worth? The virtual currency barrelled to new highs to rise more than 400 per cent over.

After Dizzying Gyrations, Whats Bitcoin Really Worth?

After the latest wild ride took the poster child of cryptocurrencies above $40,000 before a stomach-churning plunge, the million dollar question wont go away: how much is bitcoin actually worth? The virtual currency barrelled to new highs to rise more than 400 percent over the past year, before pro ..

bitcoin: After dizzying gyrations, what s Bitcoin really worth?

LONDON: After the latest wild ride took the poster child of cryptocurrencies above $40,000 before a stomach-churning plunge, the million dollar question won t go away: how much is bitcoin actually worth? The virtual currency barrelled to new highs to rise more than 400% over the past year, before promptly sliding some 20% and then settling around $36,000. When it started life in 2009 as open-source software, bitcoin was essentially worth zero though within a year it had reached the heady heights of eight cents. At today s market rates, bloated by a surge in institutional demand, the digital unit s market capitalisation is worth some $670 billion with myriad other crypto coins such as ethereum lifting the sector nominally close to the trillion mark.

After Dizzying Gyrations which took poster child of cryptocurrencies above $40,000, What s Bitcoin Really Worth?

After Dizzying Gyrations, What s Bitcoin Actually Worth? When it started life in 2009 as open-source software, bitcoin was essentially worth zero though within a year it had reached the heady heights of eight cents Updated: January 17, 2021 10:50 am IST JP Morgan analysts said bitcoin may be highly volatile, but could go as high as $146,000 per unit After the latest wild ride took the poster child of cryptocurrencies above $40,000 before a stomach-churning plunge, the million dollar question won t go away: how much is bitcoin actually worth? The virtual currency barrelled to new highs to rise more than 400 per cent over the past year, before promptly sliding some 20 percent and then settling around $36,000.

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