Once again Bitcoin showed his fangs by breaking new records. When this article was written, the public was amazed at the price of 7,168,07 US dollars (equivalent to Rp100 million). The extraordinary increase that happened for so many times during the year 2017.
Seeing how Bitcoin begins, this achievement is remarkable. At the beginning of its release from January 2009 to March 2010, Bitcoin has almost no value. In March one user held an auction of 10,000 BTC but no one bought it.
In the same month, BitcoinMarket.com started to operate and by that time Bitcoin started to have a value of $ 0.003. In May of the same year, Laszlo Hanyecz made the first transaction in the world using Bitcoin by buying a pizza for 10,000 BTC (think how much nil it is now). Within 5 days, Bitcoin experienced a price increase of up to 1000%, from $ 0.008 to $ 0.08 for 1 Bitcoin. After having an official exchange rate with the dollar, Bitcoin continues to experience turbulence including rising and falling prices and starting to reach many countries and various sectors.
The popularity of Bitcoin is not easily accepted in all countries, but Japan and South Korea are not half-examples of using Bitcoin. As two areas in Asia that are known to have very conservative investors and traders, Japan and South Korea have experienced an exponential increase in Bitcoin demand from local traders. In an interview with Nathaniel Poppers of the New York Times in October, Korbit founder and CEO Tony Lyu stressed that once anyone invests in South Korea, they will encourage others or their associates to join the “group”.
“Word of mouth spread very quickly in Korea. Once people are invested, they want everyone to join the party. The Bitcoin community is spreading very fast in these two countries, “Lyu said.
Today there are many world renowned investors such as Bill Miller began entrusting his money to invest in Bitcoin. Countries that had made the ban Bitcoin circulation began to open the eyes to the great potential of the most famous virtual currency in the world.