Why are people buying Bitcoin?

Why are people buying Bitcoin?

Anonymous
June 5th, 2017


In the past five months, the price of one bitcoin rose from $997 to its all-time- high of $2,766 on May 25. Why are people buying Bitcoin? It turns out to be for many reasons, ranging from those seeking to invest in safe haven assets in the face of political instability, speculators wanting to ride the wave of what some regard to be an asset bubble, to people who want to purchase illegal goods anonymously on the dark web. The current market capitalization is $49.6 billion – almost half of the value of all cryptocurrencies.