I have heard from friends who invested in Bitcoin and read in some blogs that 1 Bitcoin is equivalent to 1 Million in Philippine Peso. However, considering the inflation rate, as well as the law of supply and demand, does the value of a Bitcoin change? How much is 1 Bitcoin worth?
Exchange rates of bitcoin digital currencies are now continuing to rise in a short time interval. Now, the exchange rate of 1 bitcoin is 4,135 US dollars or equivalent to Rp 55,1 million.
The increase occurred in a fast tempo. about two days ago, exchange rate of one bitcoin is still below 3,700 US dollars or about Rp 49.3 million. Then later almost one day later, the value is up to 4,000 US dollars or approximately USD 53.3 million .