Rising demand means rising value
Since its launch in 2009, Bitcoin has been the best performing asset class every year bar one. Globally, more people and businesses are turning to Bitcoin and other Cryptocurrencies because of high level of security and transparency.
By assessing factors such as the closing price and number of transactions carried out, we can see that Bitcoin adoption is growing year in, year out, and has risen to almost 8 Million transactions per month at the beginning of 2017.
Since January 2015 the price of Bitcoin has seen an increase of over 500%, rising from US$300, to over US$1500 at the beginning of May. The meteoric rise of Bitcoin adoption seems to show no sign abating.
Number of Transactions
Although Bitcoin remains the dominant cryptocurrency in the world today, having a market cap of over US$22 Billion, more recently we are starting to see tremendous growth in the other Cryptocurrency markets.
Share of Market cap (Jan 2017)
Share of Market cap (May 2017)
Data from cryptocompare.com
Unlike other funds, Alphabit are actively involved in the alternative cryptocurrency markets, taking full advantage of this growing market, while others are focusing on Bitcoin, and in a few cased Ethereum.
By accessing this site you are accepting the terms and conditions. Please see our disclaimer.