The total value of bitcoins exceeded $ 14 billion

After today, the rate of cryptocurrency bitcoin (bitcoin) jumped 5% and was the highest for the last three years, the total value of bitcoins in circulation exceeded $ 14 billion.

European exchange Bitstamp office evaluates one bitcoin 875 dollars. For comparison: in the beginning of the year the price of one bitcoin was approximately $ 435. However, even the current value is far from peak prices 1163 dollar recorded at the end of 2013.

Many experts attribute the current rise of crypto-currencies with the weakening of the yuan, which for the year fell by about 7%. Statistics show that the majority of exchange operations with bitcoin is made in China, so any increase in demand is withdrawn a noticeable change.

The advantages of bitcoin include high speed execution of payments, anonymity, and lack of control by regulators.

Now the number of bitcoins in circulation increases by about 12.5 every 10 minutes.

Source: Reuters


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