Bitcoin – additional information
Since the Bitcoin creation in 2009, the price of this virtual currency remained quite stable until January 2013, reaching a maximum value of approximately 20 U.S. dollars. Afterwards a monthly price growth was observed until October 2013 when the price reached 198 U.S. dollars. This nearly tenfold increase in Bitcoin value proved to be insignificant in comparison to the price rally in November 2013, when the threshold of 1,100 U.S. dollars per coin was broken. After a period of downtrend which followed, Bitcoin price reached 1,349.19 U.S. dollars in April 2017.
The number of Bitcoins in circulation has grown month on month and reached over 16 million in September 2017. The global value of Bitcoin amounted to approximately 10.1 trillion U.S. dollars as of January 2014 and was much higher than the value of other internet currencies such as Ripple, Litecoin or Peercoin.
As of July 2017, there were 1,587 Bitcoin ATMs worldwide. In the same time period, the countries with highest number of Bitcoin ATMs were United States (911), Canada (244), United Kingdom (84), Austria (65), Spain (34) and Switzerland (23).
There are still many concerns about using Bitcoin for online transactions and the security of this virtual currency is seen as one of the most important factors influencing the decision about the Bitcoin purchase.