Bitcoin nominated as the hottest investment of 2017
THE rise of Bitcoin has investors worldwide speculating over the future of digital currencies.
Across Australia there have already been many success stories of dabbles in the cryptocurrency markets leading to massive returns.
When it was launched in January 2009, Bitcoin was valued at a fraction of a US cent. It hit a high of USD$7500 per bitcoin last week.
Coffs Harbour dentist Dr Simon Sweet has been so taken by the value rise of Bitcoin, he is staging a series of Bitcoin Beginner’s Guide seminars at C.ex Coffs Harbour.
“If you had bought $100 of bitcoin in 2010, today it would be worth over $50 million,” Dr Sweet said.
“Experts think the biggest growth has not even started yet, with predictions Bitcoin is going from $5000 to $1 million per Bitcoin within 10 years.
“Some say this is not realistic or sustainable.
“Bitcoin has been kind to me, I’m just interested in sharing what I know. Yes, I must say there are a lot of scams surrounding Bitcoin online.
“What’s important is that people know the rights and trusted way to invest.”
Regarding the prevalence of Bitcoin scams, the ACCC received 245 reports of bitcoin-related scams in October with losses totalling $92,000.
Free seminars will be held at C.ex Coffs on Tuesday, November 28, at 12.30pm, 3.30pm, 5.30pm and 7.30pm. Contact Simon at firstname.lastname@example.org.
PROFITS: Bitcoin is an online currency allowing transactions, buying of goods and services, and exchange of money.