Bitcoin and the Illusion of Intrinsic Value - Decrypt

Bitcoin price today is $15,774.09 USD with a 24-hour trading volume of $29,932,051,968 USD. Bitcoin is up 2.66% in the last 24 hours. The current CoinMarketCap ranking is #1, with a market cap of $292,425,962,323 USD. It has a circulating supply of 18,538,368 BTC coins and a max. supply of 21,000,000 BTC coins. The top exchanges for trading in Bitcoin are currently Bitcoin’s value is up roughly 11 percent in the past week, and more than 35 percent since early October. The world’s best-known cryptocurrency has seen its price climb in recent weeks after Bitcoin USD price, real-time (live) charts, news and videos. Learn about BTC value, bitcoin cryptocurrency, crypto trading, and more. Bitcoin has added a new one to its recent rise and has seen over $ 300 billion in market value. Since December 2017, Bitcoin has surpassed this level for the first time, completing 90% of its road to an all-time high market cap. CoinMarketCap’s Bitcoin chart shows that Bitcoin reached an all-time high market cap of $ 334 billion on December 17, 2017. Bitcoin, which saw the highest market Some argue that Bitcoin's value comes from the cryptography that underpins the currency, or the energy consumed in its creation. Since the end of the gold standard, fiat currency has derived its value from social consensus rather than any intrinsic value. The question of whether any currency—fiat or crypto—has intrinsic value has long been a source of controversy and debate. Yet, when you Billionaire investor Stanley Druckenmiller has revealed that he owns bitcoin, calling it an asset class that has a lot of attraction as a store of value and could be better than gold. Bitcoin’s unfamiliar fundamentals are a roadblock to many investors, and this extends to seemingly simple metrics like the number of Bitcoin addresses. In this second episode of our webinar Final Bitcoin value = (average individual economic productivity) × (number of productive people) ÷ (21 million). A GROSS simplification, but the answers is in the tens of billions $ per coin. — John McAfee (@officialmcafee) November 30, 2017. That’s certainly the most aggressive price prediction anyone’s made for BTC yet. But if that insane price materializes, McAfee will end up The value of a single bitcoin cracked $15,000 Thursday afternoon, following a Justice Department seizure of about $1 billion worth of the cryptocurrency from the dormant dark web site Silk Road. Why it matters, via Axios' Dan Primack: This is the largest-ever U.S. government seizure of Bitcoin to date. The confiscation caused prices to jump because so much was taken out of circulation — but BTC/EUR: Aktueller Bitcoin - Euro Kurs heute mit Chart, historischen Kursen und Nachrichten. Wechselkurs BTC in EUR.

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