Tech boffins who jumped on the Bitcoin bus early have even more reason to smile this morning: the cryptocurrency has rockeed past $12,000 in value. It has now attained a market cap of $200 billion. Here's what newbie investors need to know.
According to a report on TechCrunch, Bitcoin is on a path to clear a value of $13,132 by the end of calendar year 2017 following strong gains over the weekend. It could even go higher. Bear in mind, we're talking about a 'currency' that was valued at a fraction of cent a few years ago. Astonishing.
While its value remains extremely volatile - and a massive crash could be on the cards in the future - the upwards trend shows no signs of slowing down. Analysts predict the good times will continue, at least in the weeks ahead.
If you're reading this and feeling green with envy, don't abandon hope just yet. It's never too late to start investing. Here are some beginner-friendly guides to get you started:
- The Best Bitcoin And Ethereum Explainers
- Lifehacker's Guide To Investing In Bitcoin
- How To Get Started With Bitcoin In Australia
- Ask LH: How Do I Sell My Bitcoin In Australia?
- How To Make Money Off Bitcoin And Other Cryptocurrencies