A little over two months ago, Bitcoin achieved a symbolic milestone: After an intensive period of growth, the price of one Bitcoin surpassed the price of an ounce of gold.
That seems like ancient history. The price of Bitcoin has nearly doubled since then and the cryptocurrency is currently trading at about $2,200. Bitcoin’s cousin Ethereum is trading at about $180, its price increasing by a cool 1400% in the last three months.
SEE ALSO: Ethereum: The not-Bitcoin cryptocurrency that could help replace Uber
But is the rally over, or has it only just begun? And what has propelled the explosive growth in the first place? In the world of cryptocurrencies, answering these questions is anything but easy. Read more…
More about Bitcoin, Ripple, Ethereum, Cryptocurrency, and Litecoin