Bitcoin miners, which unlock the currency\u00a0my solving complex mathematical problems in groups, have freed $17 billion worth of Bitcoin into circulation.<\/p>\n
While that seems like a big number, it’s merely a drop in the bucket in terms of total worldwide money. According to estimates, there’s about 1.2 quadrillion ($1,200,000,000,000,000) invested in derivatives alone on planet Earth.<\/p>\n<\/div>\n
The stock market has been hot since President Donald Trump won the White House, but it pales in comparison to the ride Bitcoin’s been on over the last two years.<\/p>\n
In April of 2015, one Bitcoin was trading for about $240. This week, the same digital purchase costs over $1,100. That equates to a gain of nearly 360 percent. And with Japan Bitcoin essentially legalizing the tender, it’s expected to climb even higher.<\/p>\n
The US Securities and Exchange Commission (SEC) has ruled against Bitcoin due to its anonymous nature. The government regulatory agency says\u00a0currencies must be “designed to prevent fraudulent and manipulative acts and practices and to protect investors and the public interests.” It argues Bitcoin doesn’t.<\/p>\n
\nIn a 2014 Investor Alert, the SEC stated, “Potential investors can be easily enticed with the promise of high returns in a new investment space and also may be less skeptical when assessing something novel, new and cutting-edge. Unlike traditional currencies, Bitcoin operates without central authority or banks and is not backed by any government.”<\/strong><\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"Japan Bitcoin payments are now official legal transactions in the Asian country, and that’s driving up the digital currency’s value. As of Monday at 12:01 local time, Japan’s Financial Services Agency announced that the decentralized virtual money would be recognized as legal tender. The implementation brings to a close months of debate in the National […]<\/p>\n","protected":false},"author":42,"featured_media":47687,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,19,13],"tags":[],"acf":[],"yoast_head":"\n
Japan Bitcoin Payments Officially Recognized as Legal Currency, Price Skyrockets<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n