A mysterious new start-up from Silicone Valley has appeared on the scene. Calling itself “21” this company has invested $116 million dollars in the crypto-currency known as Bitcoin. The $116 million dollar price-tag is the most funding ever invested into the new technology which relies on “blockchains” to code and store unique information.
Following Bitcoin’s history is like following the story-arc of a Rocky movie, ups & downs, highs & lows, taking blow after blow, hit after hit, falling… but it keeps coming back.
This time Bitcoin may be here to stay. Bitcoin had just received its official place on the stock-market back in January as it eased its way into more commonplace use.
Group 21 is said to be working on “the core infrastructure for mainstreaming bitcoin.” with the understanding that the crypto-currency needs to be universally embraced before its true potential is to be recognized.
Bitcoin’s current value as of March 11, 2015 is 296.36 US Dollar, far from its $1,200 price tag from 2013, despite that the coin does appear to be gaining value.
Investors are hoping it will surpass its greatest high by leaps and bounds. Adding to the value of the internet funny money-There’s only 14 million coins in circulation. An arbitrary number of 21 million being chosen as the max Bitcoin for the planet.
