The price of Bitcoin at the CoinDesk USD Bitcoin Price Index (BPI) has reportedly been trading at above $1,000 since February 14, and the cryptocurrency just reached a new all-time high of $1,172.09 on February 23. This record high followed what appeared to be the longest period Bitcoin has remained above $1,000, which is from February 2 to February 9. Earlier today, Bictoin's prices were seen in the range of $1,175 and $1,220 in major US exchanges.
Bitcoin prices soar on the worldwide markets
Bitcoin, a currency launched 8 years ago has reached "a whole-nother level" in the worldwide markets.
Asher Tan, CEO at Bitcoin exchange and platform CoinJar, tells The Sydney Morning Herald, "There is a lot of excitement that the Winklevoss twins' ETF is coming close to approval, but there are more regulatory hurdles to go through." Bitcoin is not legally accepted in many countries but some countries, such as the Philippines and Japan, have made the effort to regulate and legalize the cryptocurrency.
COO of trading platform Whaleclub, Petar Zivkovski, told CoinDesk, "The only pullback we've seen on the rise above $1,000 is from $1,070 to $1,040, which is a healthy sign of bullishness."
Bitcoin hits a record high, but can it rival gold as a safe haven? https://t.co/zVXnZ97ZMe
— CNBC (@CNBC) January 5, 2017
Six years ago Bitcoin hit the 1-Dollar mark
The digital currency Bitcoin first hit $1.00 in price on February 9, 2011, when Bitcoin was 2 years old.
A few weeks later, the currency was being traded in British Pound Sterling, and in April of the same year, Euros (EUR) were facilitated. As more and more exchanges were being established, people started acknowledging the need to accept Bitcoin as a payment.
Wordpress & Microsoft accepts Bitcoin
Wordpress, one of the most convenient and widely used blogging platforms, issued a press release in November 2012, explaining their decision to accept Bitcoin:
"PayPal alone block access from over 60 countries, and many credit card companies have similar restrictions.
Some are blocked for political reasons, some because of higher fraud rates, and some for other financial reasons. Whatever the reason, we don't think an individual blogger from Haiti, Ethiopia, or Kenya should have diminished access to the blogosphere because of payment issues they can't control. Our goal is to enable people, not block them."
Microsoft started accepting Bitcoins for Windows 10 store purchases in December 2014 using the bitcoin processor BitPay.
Microsoft Corporation last year corrected the inaccuracies some users may have spotted on the company's website. Now the company's support section correctly displays the "Add money to your Microsoft account with Bitcoin" help article. Other companies that accept Bitcoins include: Namecheap, Reddit, Virgin Galactic, Subway, and OkCupid.
