The value of bitcoin briefly jumped to over $5,000 on 2 April, with experts struggling to account for the sudden rise. The cryptocurrency rose by 15% to reach its highest recorded level since November, stabilising at just below $5,000. Bitcoin has risen by around 25% in 2019 and by more than 60% since dropping to around $3,100 in December. In other words, bitcoin is higher simply because people are buying bitcoin. A new type of computer chip could be used to make a “quantum computer”, which would outperform conventional computers far beyond anything currently available.
The value of bitcoin briefly jumped to over $5,000 on 2 April, with experts struggling to account for the sudden rise. The cryptocurrency rose by 15% to reach its highest recorded level since November, stabilising at just below $5,000. Bitcoin has risen by around 25% in 2019 and by more than 60% since dropping to around $3,100 in December. A new type of computer chip could be used to make a “quantum computer”, which would outperform conventional computers far beyond anything currently available.