Bitcoin is back?

After the crisis in October, the massive hacking of stock exchanges and a huge wave of negative public relations in the press, the BTC rate dropped to the minimum value of $ 2, falling by 90% in five months. However, since then the rate has been growing almost continuously and is now around $ 4 per BTC.



Perhaps, there is already reason to talk about overcoming the crisis and partial return of confidence in this financial instrument. If skeptics explained the initial growth of cryptocurrency in 2010 and early 2011 by inflating a bubble and saw a typical hype, now the bubble has already burst and, apparently, the current steady growth is due to a more adequate supply-demand ratio.
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According to the journalist Ars Technica , now it would be more correct to consider BTC not only as a separate currency, but as a meta currency, a convenient means of transferring money between people from different countries - a kind of alternative to bank transfer or systems like Western Union. Indeed, you can exchange dollars for BTC within a few minutes, transfer them to your friend abroad (no interest on the transfer), and within a few minutes he will exchange them back - and again receive dollars in Webmoney or another payment system that is linked to a real bank account.