Crypto News: These charts show how quickly bitcoin is growing

As bitcoin soars to all-time highs, the pace of gains is rapidly picking up speed.

For example, it took well over 1,000 days for each leg of bitcoin's climb from a few cents to $1,000, and from $1,000 to $2,000. But since bitcoin topped $2,000 for the first time this May, the digital currency has added each incremental $1,000 to its price in less than 100 days.

Each colored band in the chart below shows how long it took for bitcoin to climb from one psychologically key level to the other. The latest climb from $4,000 to $5,000 only took about 60 days.

Bitcoin hit a record high of $5,856.10 Friday, a sixfold increase for the year, according to CoinDesk. The digital currency now has a market capitalization of more than $90 billion.

Full story at http://cnb.cx/2gjfpxx

Source: CNBC

 

 

 

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