Bitcoin price doubles in one month to $267

Nandu News reporter Zhou Liang Bitcoin has recently "turned from Cinderella to princess". On Wednesday, US time, the price of Bitcoin hit a record high of $267, doubling in a month. On October 3 this year, after the US Federal Bureau of Investigation closed the black market shopping website Silk Road, the price of Bitcoin once fell to $110. The latest quotation of a Chinese Bitcoin trading website (btcchina.com) shows that 1 Bitcoin is worth 1,886 yuan. On October 7, the quotation was only 760 yuan.

The volatility of Bitcoin prices and the continuous record highs will make Bitcoin more and more attractive to many investors. Statistics show that there are 7,500 merchants and restaurants accepting Bitcoin worldwide. In China, some merchants have also begun to try to accept Bitcoin. The coffee shop "Garage Coffee" located on West Street, Haidian District, Beijing, is one of the earliest merchants in China to accept Bitcoin payments. Even listed stock markets have joined in the fun. GEM-listed Sanwu.com announced on the 4th that it would cooperate with CICC Online to carry out Bitcoin-related advertising business, Bitcoin mining machines, Bitcoin investment private equity management and other businesses. This is also the first A-share listed company to get involved in the Bitcoin industry.

It is reported that Bitcoin is a network electronic currency generated by open source P2P software. The generation and consumption of each Bitcoin will be recorded through the P2P network and notified to the entire network, and there is no possibility of counterfeiting. The scarcity of Bitcoin lies in its limited total amount, which will be permanently limited to 21 million.