Bitcoin to Dollar Price Today » Voice of Nigeria
Knowing the price of 1 Bitcoin: how much is bitcoin in dollars? As is well known, bitcoin is one type of cryptocurrency that is the preferred option for investing. By continuously monitoring price movements in the market, they maximize profits.
Based on the latest data compiled from the Coindesk page , the price of 1 Bitcoin is given below:
It is undeniable, the trend of crypto currency bitcoin in recent years, there has been a significant increase in interest. One of the things that makes Bitcoin rise is because it is considered to have quite promising prospects. To find out more Bitcoin information, see the full discussion below.
About Bitcoin and US Dollar
BTC is the currency code for %Cryptocurrency
USD is the currency code for US Dollar, which is the official currency of Guam, Timor-Leste, British Indian Ocean Territory, Palau, United States, Northern Mariana Islands. , British Virgin Islands, Marshall Islands, U.S. Outlying Islands, Turks and Caicos Islands, U.S. Virgin Islands, American Samoa, Caribbean Netherlands, Puerto Rico, Ecuador, El Salvador, and Micronesia. The symbol for the US dollar is $.
Bitcoin price
The current market price of Bitcoin is updated every day and is automatically sourced in USD. Bitcoin prices in other currencies are based on their corresponding USD exchange rates. Below, you’ll also find popular converter value denominations in USD.
More about BTC or USD
If you want to know more about BTC (Bitcoin) or USD (USD), such as types of coins or banknotes, user countries or currency history, we recommend you to consult.
In the book Getting to Know Bitcoin and Cryptocurrency by Dimaz Ankaa Wijaya, Bitcoin is growing from time to time. These conditions indirectly increase the competitive value of Bitcoin itself so that it makes someone interested in becoming a trader of this type of cryptocurrency.
How Much is Bitcoin in Dollars?
1 Bitcoin price: 17700 Dollars
At the beginning of its appearance, the price of Bitcoin was not as high as the current offering. Compiling information from coilndesk , the price of 1 Bitcoin in 2010 was less than USD 1. When converted to dollar, the price was only around 122 naira per unit.
Over time, the existence of Bitcoin has become increasingly eyed and made its price soar to nearly 7.8 million naira. It was recorded that at the end of 2022
Based on the latest data compiled from the Coindesk page , the price of 1 Bitcoin as of Dec 2022 is around USD 17700. If this amount is converted to around naira 78,84,642.00 Nigerian Naira. This amount can, of course, change according to market price movements.
According to the same source, several factors have caused changes in the price of Bitcoin including:
Demand factor
One of the factors that affect the price of Bitcoin, namely the level of demand in the market. Massive demand for Bitcoin has a considerable impact on price increases. Vice versa.
Investment options.
The price movement of Bitcoin indirectly makes it one of the more profitable investment commodities compared to deposits, precious metals, stocks and bonds and even property.
Especially if the demand for Bitcoin continues to increase while the supply is limited so the price becomes high. This is why, Bitcoin is a fairly widely chosen investment option.
That’s the description regarding the price of Bitcoin. Hopefully the information above is useful!
FAQ
What Are Bitcoins?
Bitcoin is electronic money and is included in one type of crypto currency.
1 Bitcoin How Much Dollar
Based on the latest data compiled from the coindesk page, the price of 1 bitcoin as of July 2022 is around USD
What Makes Bitcoin Expensive
One of the factor that affect the price of Bitcoin, namely the level of demand in the market. Massive demand for bitcoin has big impact on price increases,
