Now 1 Bitcoin buys you about 30 'MAGA' hats
Bitcoin is on the up and up.
Only a few months ago the digital currency was priced at around $1,200. In the short time since the price has jumped to more than $1,400, according to the CoinDesk Bitcoin Price Index.
To put that price into perspective, at this time last year one Bitcoin was worth about $400. The more-than-tripling in value coincides with Donald Trump's election, which pushed people into alternative currencies. (It also helps that the American dollar is still going strong.)
As CoinDesk noted, this is an "all-time high" for the cryptocurrency, which saw a big increase at the beginning of the year before falling off and then rebounding — with a vengeance.
The currency had dropped in March when the Winklevoss twins, entrepreneurs Tyler and Cameron, attempted to create an exchange-traded fund for Bitcoin. The SEC shut that down, and Bitcoin is clearly doing just fine.
One Bitcoin: That's a lot of light blue "Make America Great Again" hats from Trump's online gift shop.
Topics Bitcoin Donald Trump
Sasha is a news writer at Mashable's San Francisco office. She's an SF native who went to UC Davis and later received her master's from the UC Berkeley Graduate School of Journalism. She's been reporting out of her hometown over the years at Bay City News (news wire), SFGate (the San Francisco Chronicle website), and even made it out of California to write for the Chicago Tribune. She's been described as a bookworm and a gym rat.
