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Bitcoin Hits $2,800 In Value, Surges To The Top Of Google Searches

Bitcoin.BTC Keychain.Flickr

It seems cryptocurrency is having a fantastic month, with Bitcoin reportedly hitting a high of $2,800 in terms of value this May. As a result of this increased appreciation, word of the digital currency has spread enough to make it one of the most searched items on Google’s. The same goes for the world computer project Ethereum, both of which directly relate to Blockchain.

As of writing this piece, Bitcoin fell in value to a still respectable $2,400. This is a big jump from the $1,800 that it stood at back in April. It showcases just how popular the digital currency is getting and how many people are starting to invest in it.

So, what’s fueling the sudden growth in interest in Bitcoin? A lot of it has to do with convenience and security that it provides its users, Business Insider reports. Organized via Blockchain, every single transaction conducted involving the cryptocurrency is logged via digital ledger. This ensures that it’s always tracked and monitored without too much interference.

There’s also the matter of the finite number of Bitcoins that are available in the market, which its creator Satoshi Nakamoto set at 21 million. What’s interesting about the arrangement, however, is the fact that only a limited number of Bitcoins are actually released into the market and would need to be discovered or “mined” in order to use.

It’s even noted that the number of Bitcoins in the market will never actually reached 21 million. This and the accompanying limitations in how many Bitcoins become available makes inflation a non-issue.

As a result of the rising value of Bitcoin, it became one of the top search items when Google posted its report on Monday, Futurism reports. Ethereum was on the list, as well, which culminated in an overall increase in interest regarding Blockchain.

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