Why a Bitcoin Price Is Surging in Spite of a "Obits"

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The Bitcoin price is adult 12% in a month of Apr and has some-more than doubled over a past 12 months.

As of midday currently (Tuesday), a CoinDesk Bitcoin Price Index was hovering around $467. As recently as January, a price of Bitcoin was as low as $358.77. And one year ago today, a Bitcoin cost was $218.82, putting a 12-month benefit during 113%.

That’s flattering considerable for an item that has been announced passed 53 times given a commencement of 2015, with 14 of those “obits” entrance given a commencement of this year (according to 99Bitcoins.com).

price of bitcoinContrast a burst in a price of Bitcoin with only about any other investment over a past 12 months; it’s not even close.

Stocks? The Standard Poor’s 500 Index is adult a insignificant 1.35%. Bonds? Interest rates sojourn during ancestral lows. The Dow Jones Commodity Index is down some-more than 18%. Gold? Up 3%.

Of course, many investors still don’t trust Bitcoin. It hasn’t stood a exam of time like gold, and for

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