Bitcoin makes 18 month high!

Bitcoin prices reached its highest price since September 2014 and seem to be on its way to the magical $ 500 mark.

The chart below shows that the Bitcoin price doubled in the last year.

USD to XBT

So in USD terms BTC increased more than 100% in the last 12 months but what if you traded in another currency, say the Brazilian Real

 

XBT to REAL

In terms of the Brazilian Real you would have made a 134% return not bad..

How about Africa?

Let’s see what the returns would have been in South African Rand.

XBT to ZAR

In South African Rand you would have earned 136.8%.

So what are the reasons for the uptick in the Bitcoin price?

The video below explains.

bitcoin-christmas-present

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