Bitcoin breaks USD14,000, less than 24 hours after hitting USD12,000

Bitcoin BTC Price

Leading cryptocurrency Bitcoin (BTC) continues to rocket higher as it crossed USD14,000/MYR57,162 for the first time on Wednesday. This is less than 24 hours after breaching USD12,000/MYR48,996. As of 12PM (GMT +8), 7 December 2017, it’s currently lingering at USD14,800.

While there’s price differentials across different bitcoin exchanges, there’s no denying the phenomenal rise of the digital currency is both mind-blowing and a cause for concern.

The big swing upwards quickly cancelled out a 20 percent drop last week.

Bitcoin now has a market capitalisation of over USD230 million, putting it in the same ranks as the 20 largest stocks in the S&P 500.

It’s remarkable that BTC started the year below USD1,000/MYR4,083.

The Winklevoss twins are certainly smiling all the way to their digital wallets, now officially Bitcoin billionaires. This is thanks to the USD11 million they sunk into BTC when the price was hovering at USD120 per coin.

The famous twins, Tyler and Cameron Wiklevoss, won a USD65 million payout from Facebook, after the Facebook CEO Mark Zuckerberg allegedly stole their idea and turned it into the world’s biggest social media platform.

Bubble, what bubble?


READ ALSO  OPPO Malaysia’s website hacked and defaced


Lazada Malaysialazada ad
  • Designer. Writer. Webhead. Tech geek. Twitter-addict. Apple. Animal lover. Steve Jobs groupie. Petrolhead. BMW. Porsche. Alfisti. Chelsea FC.

  • Show Comments (0)

Share us your thoughts:

You May Also Like

Local Developers Showcase Latest Windows 8 Apps

Local developers have jumped on the app bandwagon with a strong showcase of Windows ...

[CES 2012] RIM Previews BlackBerry PlayBook OS 2.0

The much-anticipated, and much delayed official BlackBerry PlayBook OS 2.0 was previewed and demoed ...

Sony Xperia Z1 Launch 1

Want a Sony Xperia Z1? Win One!

Sony Mobile‘s sexy new flagship, the Sony Xperia Z1 has certainly been one of ...