Bitcoin continues to outperform every reserve and fiat currency across the world. In sign of an increased confidence in the future of the cryptocurrency, Barry Silbert’s Bitcoin Investment Trust (BIT) has doubled its initial public offering (IPO) amount to $1 bln.
An amendment filed with the US Securities and Exchange Commission (SEC) on Thursday includes the new figure as the agency reconsiders its March decision to deny the Bitcoin ETF market access.
By outperforming the US dollar by almost 50 percent, Bitcoin surpassed the growth of the Mexican Peso, Silver, Gold and Russian Ruble to become the best performing currency so far in 2017.
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I prefer investing in cryptocurrencies instead of holding money in my bank account. I like seeing my profits grow instead of just sitting in my account :)
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The growth in users continues. And with that, the further steps of investors into other cryptocurrency applications. The times they are changing.
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