One man's pizza bought with eight Bitcoins in 2011 was worth a few cents back then.
Now that very little amount of the virtual currency is equal to around $480,000.
But that's just how much Bitcoin has skyrocketted, hitting an all-time high of $60,000 on Saturday.
The surge is mainly fueled by a growing number of institutional companies embracing the virtual currency.
It's also thought to be driven by the approval of President Joe Biden's $1.9 trillion stimulus package in the U.S.
So could it one day become a real currency and tool of payment?
Presenter: Peter Dobbie
Guests:
John Biggs, Editor of Gizmodo, a technology website.
Glen Goodman, Financial investor and Author of 'The Crypto Trader'.
Gavin Brown, Senior Lecturer in Financial Technology at University of Liverpool.
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- Follow us on Twitter: https://twitter.com/AJEnglish
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Now that very little amount of the virtual currency is equal to around $480,000.
But that's just how much Bitcoin has skyrocketted, hitting an all-time high of $60,000 on Saturday.
The surge is mainly fueled by a growing number of institutional companies embracing the virtual currency.
It's also thought to be driven by the approval of President Joe Biden's $1.9 trillion stimulus package in the U.S.
So could it one day become a real currency and tool of payment?
Presenter: Peter Dobbie
Guests:
John Biggs, Editor of Gizmodo, a technology website.
Glen Goodman, Financial investor and Author of 'The Crypto Trader'.
Gavin Brown, Senior Lecturer in Financial Technology at University of Liverpool.
- Subscribe to our channel: http://aje.io/AJSubscribe
- Follow us on Twitter: https://twitter.com/AJEnglish
- Find us on Facebook: https://www.facebook.com/aljazeera
- Check our website: https://www.aljazeera.com/
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Francisco Gimeno - BC Analyst More predictions! we will say it will go to 100k, no! a million! no, it will get down to zero! The only reality is that the crypto market is here to stay, and prices are not so important, as the ability of BTC and the alt coins to be used as real economic solutions, proper economic assets. We foresee more that a new generation of crypto will come before we see this.