Bitcoin is the world’s first cryptocurrency and was launched in 2008. Since the year of its creation, the digital coin has undergone a considerable development: if it was initially only a few cents worth, the price of Bitcoin in December 2017 climbs to around 17,000 euros in some places. The big hysteria was followed by a price decline in January of this year but Duxa Capitalexperts are certain that Bitcoin will have a bright future ahead of it.
Cryptocurrency analysts predict further increases of up to € 100,000 each and more for the Coin. These quite substantial jumps are drivenespecially the supply and demand of bitcoin. These are basically computing units within the Blockchain an encryption technology that allows ownership of the coin to be detected only by the appropriate owner. Since the maximum number of coins is limited to approximately 21 million units and sometimes over 17 million coins have been “mined”, this should be a clear indication for potential investors that further price increases are to be expected.