Have you invested in bitcoin yet? You’re going to need some serious cash because this past week, bitcoin prices soared to over $4,500.
Bitcoin has surely come a long way since it started being traded back in 2012. Did you know bitcoins only went for $0.06? Craziness, I know. The lucky investors who bought four to five years ago are cashing out with some serious change. Take Erik Finman for example. He is a high school drop out who invested in bitcoin back when it was worth $12 — today, he has earned over 1 million dollars from his investments. Check out his TedTalk about his investment in Bitcoin.
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Overall, bitcoin’s market capitalization is at an astounding $67 billion. Other cryptocurrencies like Ethereum, the second largest cryptocurrency after bitcoin, is priced around $290.
It’s hard to say if this upward spike in price will continue on, but if you’ve bought your bitcoins already or are thinking about it … now’s the time before prices soar even more.
Tweet @StarterNoise and tell us how much you paid for your bitcoins!
In search of the next big thing? Just look to Sarah, our resident expert on the coolest trends, from fitness apparel to cocktails. A visionary leader for Tulip Strategies, Sarah has a hawk’s eye for spotting upcoming trends and creating viral marketing campaigns. Account Director at Tulip Strategies and Co-Founder of StarterNoise.