Is 2013 the year of bitcoin?

According to bitcoin specialists, the electronic currency is still in its infancy and faces a lot of questions; however, some investors are not afraid to start testing the waters. “You can definitely say that 2013 has been the year of the bitcoin,” said Guillaume Babin-Tremblay, executive director of the Bitcoin Embassy in Montreal, Quebec.

What is XBT (BTC)?

Bitcoin ( abbreviation: BTC [a] or XBT [b]; sign: ₿) is a protocol which implements a highly available, public, permanent, and decentralized ledger. In order to add to the ledger, a user must prove they control an entry in the ledger. The protocol specifies that the entry indicates an amount of a token, bitcoin with a minuscule b.

What is Bitcoin (BTC)?

Sponsored by What's this? What Is Bitcoin? Bitcoin (BTC) is a cryptocurrency, a virtual currency designed to act as money and a form of payment outside the control of any one person, group, or entity, thus removing the need for third-party involvement in financial transactions.

When was the last time you could buy 1 BTC for $150?

$150 marked the local bottom for the year, though. In fact, January 2015 was the last time you could ever buy 1 BTC for $150. The price of Bitcoin topped $500 for the first time in over a year later in 2015. In June, the New York State Department of Financial Services began its investigation into Bitcoin and cryptocurrencies.