From $100 To $75 Million In 7 Years: Yes, Bitcoin Delivered This Return

Bitcoin is not backed by any government and can't be physically held in your hands.

Bitcoin has received a lot of attention after recent malware attacks
Virtual currency Bitcoin was a good investment if bought at right time
It is not backed by any government and can't be physically held

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From $100 To $75 Million In 7 Years: Yes, Bitcoin Delivered This Return
Bitcoin is not backed by any government and can't be physically held in your hands.
© 2017 The Washington Post | Gene Marks, The Washington Post | Updated: May 24, 2017 09:19 IST
From $100 To $75 Million In 7 Years: Yes, Bitcoin Delivered This Return
The price of a single bitcoin has recently soared to $2,200 from just $0.003 seven years ago.
Story Highlights
Bitcoin has received a lot of attention after recent malware attacks
Virtual currency Bitcoin was a good investment if bought at right time
It is not backed by any government and can't be physically held
Bitcoin has received a lot of attention over the past few weeks in the wake of the recent malware attacks that impacted dozens of countries and thousands of businesses. Victims were required to pay a "ransom" in the digital currency to unlock files that were encrypted by the virus. The question for many business owners is that, given its growing acceptance, is it ready for prime time? Should we accept bitcoin?
There's no question that it's been a good investment, particularly if you bought at the right time. According to a report from CNBC, the price of a single bitcoin has recently soared to $2,200 from just $0.003 seven years ago. We know this because on Monday its fans celebrated the anniversary of Bitcoin Pizza Day, when Laszlo Hanyecz, a programmer, spent 10,000 bitcoin for two Papa John's pizzas. Times have definitely changed.