Bitcoin is equal to 2,, US Dollar. We have added the most popular Fiat Currencies and Crypto Currencies for our Calculator/Converter. You can convert Bitcoin to other currencies from the drop down list. Selling Bitcoin (BTC) you get Bitcoin (BTC) you get. BTC = 2,, USD at the rate on BTC 1 = $11, (%) at the rate on The page provides data about today's value of two hundred fifty bitcoins in . US Dollar is Bitcoin. So, you've converted US Dollar to Bitcoin. We used International Currency Exchange Rate. We added the most popular Currencies and CryptoCurrencies for our Calculator.
250 bitcoin in dollarBitcoin to US Dollar, convert BTC in USD
Digital currencies XRP and Litecoin have seen similar declines. Billionaire entrepreneur Mark Cuban and "Oracle of Omaha" Warren Buffett , for example, have both warned that bitcoin's value is unstable. Legendary investor and Vanguard founder Jack Bogle, at a Council on Foreign Relations event, told the audience, " Avoid bitcoin like the plague. There is nothing to support bitcoin, except the hope that you will sell it to someone for more than you paid for it.
More recently, at a congressional hearing on Capitol Hill, global economist and New York University professor Nouriel Roubini said, " Crypto is the mother or father of all scams and bubbles.
If you are considering investing in cryptocurrencies, think of it like a trip to Vegas, self-made millionaire and best-selling author Tony Robbins suggests. In his own portfolio, Robbins directs a certain amount of money to risky ventures, but he doesn't rely on them to work out. Small investors like yours truly have a fear of missing out on a chance to get rich quick.
And when the value of your bitcoin doubles in a week, as it did for me, it's easy to think you're a genius.
But you can get burned assuming it will keep skyrocketing. Some investors have likened the bitcoin hype to the dot-com bubble. Others, like Dimon, have said it's even " worse " than the Dutch tulip mania from the s, considered one of the most famous bubbles ever. As Buffett put it back in , "the idea that [bitcoin] has some huge intrinsic value is just a joke in my view.
There's also no interest or dividends. Bitcoin serves as a new kind of currency for the digital era. It works across international borders and doesn't need to be backed by banks or governments. Or at least that was the promise when it was created in The surge and volatility of bitcoin this year may be great for those who invested early, but it undermines bitcoin's viability as a currency.
Related: Bitcoin boom may be a disaster for the environment. Then again, if bitcoin crashes, at least I'll always have the socks. Rather than a currency, bitcoin is being treated more like an asset, with the hope of reaping great returns in the future. So is there anything truly valuable about bitcoin?
Bitcoin is built on the blockchain , a public ledger containing all the transaction data from anyone who uses bitcoin. Transactions are added to "blocks" or the links of code that make up the chain, and each transaction must be recorded on a block.
Even bitcoin critics like Dimon have said they support the use of blockchain technology for tracking payments. Is there a legal and legitimate way to invest in bitcoin? Bitcoin exchanges have a checkered history.
Gox, once the largest exchange, shut down in after losing hundreds of millions of dollars worth of bitcoin after a hack. Square SQ , the payments service, is also rolling out a bitcoin product. There are also bitcoin ATMs in scattered bodegas and convenience stores around the country, through companies like Coinsource. The ATMs let you exchange bitcoin for cash, or vice versa by scanning a QR code from the digital wallet application on your phone.
Related: Millions of dollars stolen in bitcoin hack. With Coinbase, you must first give the app permission to connect to your bank account. As with other stock trading applications, you pay a small fee for each transaction, buying and selling. But the transaction can take significantly longer.