It took just a week for the popular cryptocurrency Bitcoin to strengthen its value to the $8000 mark. On the night of November 16 to 17, the digital currency broke its own record, and by November 26, a new milestone of $9000 was reached. People around the world are waiting for the next psychological barrier at $10,000 per coin. The outcome of the rapidly growing currency saga remains unknown.
According to CoinDesk, the sharp rise of this popular global currency appeared in November, and financial experts are unable to explain what is happening. Surveys and independent studies show that the growth is not related to currency mining but to speculation — recently, buying Bitcoin on exchanges has been profitable, as no bank in the world would allow earning such interest on deposits.
As for the mining of other cryptocurrencies, there is a growing trend, which, thanks to Bitcoin’s rise, positively influences users’ interest in purchasing expensive farms and trying to earn money on virtual services. Judging by the thousands of Bitcoin wallets created daily, people continue to dream of a profitable business where all the work is done by computer hardware.
