Bitcoin Outperformed All Currencies in 2016
Bitcoin outperformed all currencies on 2016, increasing from US$433 at the beginning of the year to $794 year-to-date. Recording an annual gain of 54%, the price of bitcoin is expected to pass $800 shortly. While bitcoin solidified a strong performance this year, the majority of leading reserve currencies including the USD, CNY, JPY and GBP stumbled.....
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Bitcoin is only the 12th best-performing cryptocurrency of January 2016, with Counterparty, BitCrystals and MaidSafeCoin making a surprise top three movers. Bitcoin Outperformed by 11 Altcoins. When one thinks of cryptocurrencies or blockchain, one usually thinks of Bitcoin. It’s the oldest, most used and most secure blockchain out there. However, many fail to realize that there are actually hundreds, if not thousands, of cryptocurrencies out there – and some of these are gaining too much traction on the market to ignore. Bithub.pl has composed a list of the 20 best performing....
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Bitcoin outperformed every other reserve currency in 2016 by large margins. An increasing number of investors, traders and businesses have begun to recognize bitcoin as the world’s global currency, depending on bitcoin to protect their wealth from tightening regulations and the government’s excessive control over money. This surge in demand for bitcoin....
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Bitcoin gained more value than all other currencies in 2016, according to Bloomberg, driven by China’s crackdown on the yuan, isolationist rumblings in the U.S. and the U.K,. and increasing acceptance by consumers and businesses. Bitcoin’s price surged 79 percent since the start of 2016 to $778, its highest level since early 2014, data compiled by Bloomberg indicated. That quadruples the gains posted by Russia’s ruble and Brazil’s real, the world’s top two hard currencies. Consumers Discover Bitcoin. “There are starting to be consumer uses for bitcoin, and if people have any concerns about....