On Tuesday, Ray Dalio, the founder of Bridgewater Associates, the world’s largest hedge fund, and a longtime bitcoin skeptic, on Twitter challenged proponents of the currency to explain to him why bitcoin is worth his attention and not doomed to collapse. Still, bitcoin bears and detractors aren’t hard to find. Has surged roughly 33% over the same period. Initially, it traded for almost nothing (around USD 0.0008). Has gained about 12% and the technology-laden Nasdaq Composite Index Bitcoin has had a very volatile trading history since its inception in 2009.

Has gained 23% in the year to date, while the Dow Jones Industrial Average Trading on the CME Group seeing a similar rise. Said it would allow customers to buy cryptocurrency through their accounts and use it for merchant payments.īitcoin prices have gained nearly 151% so far this year, with Bitcoin futures Bitcoin’s market-cap dominance is near to its highest level since May of 2020.īitcoin and other cryptos were boosted last month after PayPal Holdings Inc. So-called bitcoin dominance, or the share of bitcoin’s value as it contributes to the universe of recognized digital currencies, was at 66.5%, as tracked by CoinMarketCap. Bitcoin’s record market capitalization reflects the attention that the blockchain-based asset has garnered over its rivals.

Bitcoin stock price 2017