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Bitcoin

Category - Economics

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In 2011, the value of a single bitcoin skyrocketed to $32 from $0.30, then plummeted back to which of the following?

$0.10.
$0.25.
$0.50
$2.00.

Explanation

Answer: D - In 2011, the value of a single Bitcoin skyrocketed to $32 from $0.30, then plummeted back to $2.00. Although this was one of the earliest Bitcoin bubbles, the value of Bitcoin was still undervalued at its $32 peak, as they currently trade in the triple digits.

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