Details about Mirrored Bitcoin cryptocurrency
€45,193,975 ( 0%)
€11,970
39,260
39,253
16.476
Unknown
https://mirror.finance
@mirror_protocol
12025x
€13845300
Mirrored Bitcoin price charts
MBTC exchanges
Mirrored Bitcoin, the crypto
Mirrored Bitcoin (MBTC) is a synthetic crypto asset that mirrors the price of Bitcoin (BTC) on the Ethereum blockchain. It is a tokenized version of Bitcoin, allowing users to access the value of Bitcoin without actually owning it.
The point
The main point of Mirrored Bitcoin (MBTC) is to provide investors with exposure to Bitcoin's price fluctuations without actually holding Bitcoin. This is achieved by creating a synthetic asset that tracks Bitcoin's price on the Ethereum blockchain.
The problem
Mirrored Bitcoin (MBTC) tries to solve the problem of accessibility to Bitcoin. While Bitcoin has become more widely adopted, it is still difficult for some investors to buy and hold due to regulatory or technical barriers. MBTC allows investors to gain exposure to Bitcoin's price without needing to purchase or store it directly.
Compare MBTC and BTC performance
Timeframe | MBTC | BTC |
---|---|---|
1h change | 0 % | 1.00456 % |
24h change | 0 % | 0.313361 % |
7 day change | -4.59 % | 4.77707 % |
14 day change | -52.03 % | -8.09825 % |
30 day change | -97.12 % | -7.22448 % |
200 day change | -97.87 % | 127.217 % |
Year change | -95.92 % | 133.126 % |