Impressive: ₦3,1M ($10K) Bitcoin Investment in 2010 Now Worth ₦63.2B ($200M), Gold ₦3M ($9K)

Both Bitcoin and gold are thought prominent stores of value and safe haven assets. However, in the last seven years, one experienced a meteoric rise with regards to market cap, user base and value, while the other didn't meet the expectations of its investors.

What is #Bitcoin and how it changed notion of money permanently

A revolution of sorts, bitcoin is a currency system centered on Mathematics, and hence, is wholly without authority and the commodities of the physical world.

What's Bitcoin and how it changed idea of money forever ?

Esubiyi Esuseniyan

CEO and Co-Founder, BuyBitCoinInNigeria

For a long time, all of the world's currencies have already been at the mercy of either commodity or political authority, until 2009. That has been the season when someone underneath the pseudonym of Satoshi Nakamoto introduced bitcoin to the world.

First time in History: Bitcoin Value Skyrockets to New Record-Breaking $1,700

BuyBtcoInNigeria - Lagos For the first time in history, bitcoin has topped $1,700 in value. This is a 85-percent gain in the cryptocurrency in 2017, and a 43-percent gain in value in only one month.

Since May 2016, market capitalization on bitcoin has nearly quadrupled, from $7.16 billion in May 2016 to $27.9 billion today.

Major drivers of the trend were Japan allowing bitcoin to become legal tender in the Land of the Rising Sun (albeit with lots of oversight), and Russia's announcement that they'd rule on cryptocurrency legality in 2018.

Bitcoin Market bags $1Bln on a Daily basis: Buy BitCoins in Nigeria Blog, others Explain Why

On Friday, Bitcoin has added over $1 bln to its market cap, repeating the pattern of recent days.

Since the month started, its market cap had risen by an average of $1 bln per day for the past five days according to BuyBtcoInNigeria moving from about $21 bln on May 1 to $26 bln on May 5.

Whether this is sustainable would be determined by the market in the coming days. Thus, it falls within the premise of the discussion that the Bitcoin market is still small, its potential is huge and it has a long a way to go in terms of reach and adoption.

Recent comments by some industry insiders support this viewpoint.

Bitcoin may hit $2000 as More Serious Mob of Investors Get Involved

Besides the longstanding conflicts in the Bitcoin community and the recent upsurge in the capital outflow to other cryptocurrencies, do you consider $2000 seems a certain range that may have been reached right now?

Bitcoin's life Span

The purchase price had almost closed in on $1,300 ahead of the March 25 struggle within the scalability issue which dropped the purchase price to $908. That is quite understandable as an issue to cause panic on the market and hinder the flow of interest.

Meet Top 10 Richest Bitcoin Millionaires

Digital cryptocurrency Bitcoin was completely underground when it was launched in 2008. The notion of a strictly digital currency not centered on fiat was considered before, but Bitcoin was the first mainstream execution of the concept. Bitcoin became a worldwide sensation when its value hit $1000 in 2013. Early adopters and investors in the currency became Bitcoin millionaires as a result.

Continue reading after the jump break

'Digital Gold': Cryptocurrencies Skyrocket as Investors Swap Dollars for Bitcoins

Cryptocurrencies are gaining in value because many see them as a brand new form of digital investment that have advantages over the USD as well as gold, Economic Historian Dr. Garrick Hileman told revealed to BUy BitCoins In Nigeria Blog.

The price of Bitcoin was soaring to new highs during trading the other day, amid an upsurge in demand. In line with the CoinDesk Bitcoin Price Index (BPI), it broke through the $1,500 barrier  for the first time on Thursday; trading on Saturday has reached $1,550 so far.