May 25, 2017    1 minute read

Bitcoin Surges but Ethereum Storms Ahead

   May 25, 2017    1 minute read

Bitcoin Surges but Ethereum Storms Ahead

Bitcoin has more than doubled in value this year, but Ethereum is up more than 2300%.

Editor’s Remarks: Yesterday, bitcoin broke through the $2400 barrier, which means it is up 150% so far this year and up $300 this week alone. In fact, $100 of bitcoin seven years ago is now worth a gargantuan $75m. However, despite Bitcoin’s mind-boggling figures, Ethereum has astonished pundits by increasing from its January 1st price of $8.04 to its present high of $203.30 – a 2367% leap. Fidelity announced earlier this week that it had financially backed several blockchain enterprises, which has contributed to the present cryptocurrency rally. With companies and investors around the world starting to take a greater interest in bitcoin and its successors, governments and international agencies will certainly be thinking of ways to open the door for cryptocurrencies to enter the regulated sector.

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