Bitcoin is no stranger to extreme fluctuations. As Visual Capitalist's Jeff Desjardins notes, for each of the last four years, the cryptocurrency has either been the best or the worst performing currency – with nothing to be found in between.
Luckily, for those that follow the digital currency closely, those fluctuations were mostly pointed in an upwards direction for 2016. The currency finished the year at $968.23, which is more than double its value from the beginning of the year.
Bitcoin is now the best performing currency for two years in a row (2015, 2016):
And in the opening days of 2017, the cryptocurrency has already gained a head start on other global currencies. It passed the vital $1,000 mark in the first days of New Year trading, and could be poised to three-peat for the title of best-performing currency of the year.
To do it again, bitcoin prices would likely need to rise at least 30% on the year, closing in on the $1,300 mark.
Will it be another extreme for 2017 – or will the bitcoin price finally settle for middle ground among other global currencies?
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