Bitcoin value is rising faster than anyone expected, and the recent boom is unprecedented. The cryptocurrency has had its share of fluctuations, but recently it’s smashed records at well over $10000 per coin. This unexpected surge in pricing has prompted a huge amount of downloads for bitcoin app Coinbase, making it the most popular app in the Apple App Store.

Image source: Coinbase.com

The Rise of Bitcoin

The soar of bitcoin prices comes just a few weeks after a major crash that shook investor confidence. The market is currently incredibly volatile, so there’s definitely a possibility that this boom won’t last, but there’s some exciting news that may suggest that the currency could avoid these major crashes.

Major US exchanges Cboe Global Markets and rival CME Group are in the process of starting bitcoin futures contracts. This addition will make it possible for investors to bet on the future prices of the cryptocurrency. It also has the added effect of making bitcoin look like a legitimate opportunity to the experienced investor.

A lot of the appeal behind bitcoin has been the story behind it and how unprecedented this newcomer to the investment scene actually is. What started as a project in the tech community with little-to-no profit, has since boomed in the past few years to one of the strongest currencies on the market. It’s more easily accessible, and at least a little bit more understandable to the average joe when compared to traditional investments. But it has largely been met with uncertainty when it comes to investment pros.

While some label bitcoin as a massive Ponzi scheme and others praise it as the future of modern investments, there’s one thing that’s certain: bitcoin has made a massive impression on the financial markets. Whether it will lead the charge into the future of investment or burn and fizzle out remains to be seen, but for the first time, investing is accessible to most everyone. With a few dollars and a little bit of research, you can see your profits rise and fall, and there’s a bitcoin app that makes the process even easier.