One bitcoin in dollars

Pete Rathburn is a copy editor and fact-checker with expertise in economics and personal finance and over twenty years of experience in the classroom. How much is one bitcoin worth in us dollars Bitcoin was introduced in the year 2009 by a group of developers or a developer who goes by the pseudonym, Satoshi Nakamoto. In the initial time, the value of the currency was set on forums by users until the first exchange outlet was established. Bitcoins have gained popularity worldwide with more than 1,000 merchants accepting the bitcoin currency. 

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This example also highlights the inconsistent news regarding the acceptance of Bitcoin by small and large corporations. Economic reasoning and intuition helps to understand that it would be very costly for any corporation, be it Apple, Dell, Microsoft, or Paypal, to accept Bitcoin as a means of payment. What some firms may offer as a payment option is the conversion of Bitcoin through a linked Bitcoin exchange. This is similar to making a payment in foreign currency which is converted into local currency at the time of the transaction. Consequently, the conversion is generally costly and thus much more expensive than an actual and direct payment in Bitcoin would be. Loading data... Blockchain.com. "Bitcoin BTC: June 1, 2019 to Dec. 31, 2019."

Credit Monitoring Convert USD to BTC .css-6hco10The Satoshi price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies.