What will the exchange rate of US$ per Bitcoin be at the end of 2013?
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Study the background information carefully.
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Read the background information carefully, before proceeding.
Wiki article
EditBackground
The exchange rate of Bitcoin has reached record highs during March and April 2013. Despite a sharp decline from a short-lived high well above the 200 US$ mark in mid-April, the cryptocurrency has since recovered to a level of 140 US$. This still is tenfold the investment for investors who bought in the beginning of 2013.
Analysis
Recent legislation in the US [citation needed] seems to have increased investor confidence in the new currency and has sparked a buying spree. The debate on the actual fundamental value of the currency is undecided, and has become highly visible through its exceptional volatility.
Technical value of Bitcoin
[Elaborate on Demand vs Supply here.]
Fundamental value of Bitcoin
Elaborate on mining cost here. Why should long-term value divert from production cost, really? See housing bubble.
Exchange rate chart
Source: Bitcoin Charts
External links
- Wikipedia article: Bitcoin
- The Bitcoin wiki
- Exchanges: Exchange rates at Bitcoin markets