{"id":2396,"date":"2017-05-22T16:04:58","date_gmt":"2017-05-22T16:04:58","guid":{"rendered":"https:\/\/holytransaction.com\/blog\/?p=2396"},"modified":"2020-11-22T18:40:21","modified_gmt":"2020-11-22T16:40:21","slug":"bitcoin-all-time-high","status":"publish","type":"post","link":"https:\/\/holytransaction.com\/blog\/2017\/05\/bitcoin-all-time-high.html","title":{"rendered":"Bitcoin all time high: more than $2000"},"content":{"rendered":"

While I’m writing this article the bitcoin all time high<\/strong> reached a value of $2,019 for the first time in its history.<\/p>\n

By reaching a value of more than $2,000, bitcoin’s price grown of about 100% this year and nearly 125% since the annual low of $891.51<\/strong> bitcoin hit back in March.<\/p>\n

Experts agreed that bitcoin’s price recent growth could lead to reaching significant attention from the media and maybe also major financial media outlet would cover bitcoin.<\/strong><\/p>\n

Google Trends data showed that the search for “bitcoin” have still not reached its all-time high they set<\/a>\u00a0back in December 2013, but it is getting closer (right now it has a score of 85\/100).<\/p>\n

That said, the reasons that drove the bitcoin all time high are difficult to identify.<\/p>\n

Growing interest by investors<\/h2>\n

Surely, one reason is the increase in interest from investors and traders, as reported by the major exchange platforms.<\/p>\n

Another factor that helped bitcoin to reach its current\u00a0all-time high is the growing influence of Japan, a country where the technology is now regulated: from April 1st, in fact, bitcoin became a legal method of payment.<\/strong><\/p>\n

The Japanese yen is the single largest currency being exchanged for bitcoin, accounting for more than 45% of the money flow into bitcoin at the time of the report, according to CryptoCompare data.<\/p>\n

The Japanese yen is the greatest currency being exchanged for bitcoin<\/strong>: currently, almost 45% of the money flow into bitcoin.<\/p>\n

After the yen, there is US dollar that makes up 30% of the money flowing into bitcoin.<\/p>\n

Block size debate<\/h2>\n

Bitcoin price grew in spite of the current block size debate<\/strong>, an issue related to the transaction capacity and the blockchain speed to validate a transaction.<\/p>\n

Bitcoin developers are talking about this issue in order to address it and there are a few proposals such as the so-called SegWit<\/strong><\/a> or Segregated Witness<\/a> that would increase blocks capacity.<\/p>\n

 <\/p>\n

Read here why you should hold Bitcoin and how.<\/a><\/p>\n

 <\/p>\n

Open your free digital wallet here<\/a> to store your cryptocurrencies in a safe place.<\/p>\n","protected":false},"excerpt":{"rendered":"

While I’m writing this article the bitcoin all time high reached a value of $2,019 for the first time in its history. By reaching a value of more than $2,000, bitcoin’s price grown of about 100% this year and nearly 125% since the annual low of $891.51 bitcoin hit back in March. Experts agreed that […]<\/p>\n","protected":false},"author":2,"featured_media":852,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76,83,468],"tags":[1411,1042,1173],"yoast_head":"\nBitcoin all time high: more than $2000 -<\/title>\n<meta name=\"description\" content=\"Bitcoin all time high is now $2,019. 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