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Bitcoin Smashes Through $1 Trillion Total Value As Price Suddenly Surges

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Bitcoin has suddenly rocketed higher, climbing almost 5% over the last 24 hours to highs of $53,750 on the Luxembourg-based Bitstamp exchange.

The latest bitcoin price rise, coming just days after the cryptocurrency broke through the closely-watched $50,000 level, means the combined value of the 18.6 million bitcoin tokens in circulation are now worth over $1 trillion—double the $500 billion it started 2021.

Click here to read the story at Forbes.com.

Discussion Questions:

  1. What is cryptocurrency?
  2. What is bitcoin?
  3. What are stocks?
  4. Are stocks the same thing as cryptocurrency?
  5. Why do you think Bitcoin has increased so much in value?
  6. What does it mean that Bitcoin has reached a $1 trillion valuation?
  7. Do you think Bitcoin will continue to increase in value? Why or why not?
  8. Do you think other cryptocurrencies have an opportunity to increase in value as bitcoin continues to surge? Why or why not?
  9. What risks might be associated with investing in bitcoin? Do you think the risk level is the same as other cryptocurrencies? Why or why not?
Chris Lindauer
After working for nearly a decade in professional sports, Chris Lindauer, formed Sports Career Consulting to provide unique sports business education opportunities in and out of the classroom. In the eighteen years (and counting) that followed, Chris has inspired thousands of students to pursue their passions and explore the career of their dreams. He currently lives in Portland, Oregon with his wife, two teenage daughters and their dog.

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