Here’s Just How Insane Bitcoin’s Recent Rise Is

Started at $13 and now it’s kissing $1,000. The rise trounces even some of the hottest tech startups and most bubblicious companies ever.

Here's how Bitcoin's rise compares with other big jumps in the tech space:

The anonymous cryptocurrency hit $1,000 for one Bitcoin earlier today and is now at $969. This is way, way bigger than just about any one-year stock or commodity jump. The only problem: if you have a hoard of Bitcoin, it's really hard to turn into dollars, unlike, say, a publicly traded stock. But if you want to go to space, you're in luck.

Coinbase / Via coinbase.com

Amazon's stock was on such a tear that it made a young analyst named Henry Blodget's career. In December, 1998, he predicted it would hit $400 in a a year. It got to $400 in less than a month. In the year following March, 1998, the stock jumped more than 1,000%. Blodget was later banned from the securities industry (for hyping other stocks he didn't privately think were all that great) and Amazon is once again breaking all time highs.


View Entire List ›

BuzzFeed - Latest