Yesterday, the price of Bitcion has further increased to reach a new record high of 9 060$. The value of this digital currency is closer to 10 000$. Earlier this year, investors and financial analysts, highly respected, whose Max Keizer to RT, and Mike Novogratz, an investor renowned, have predicted that the value of Bitcoin would reach $ 10,000 by the end of the year.
In an interview with Binary District, Keizer has also pointed out that in 2018, the price of this crypto-currency could be closer to the medium-term objective of $ 50 000. Currently, more and more traditional investors to enter the market of Bitcoin.
Below is a detailed explanation of this historical hike :
The great strength of Bitcoin in the face of criticism
This year, the Bitcoin has received a lot of criticism on the part of investors, as the CEO of JPMorgan. The market has nevertheless demonstrated a high degree of resistance to this. It has developed over the last 12 months, achieving many world records.
Gerd Altmann, Pixabay
In addition, despite the criticism of Jamie Dimon, it has been revealed that the traders of JPMorgan have traded Bitcoins since September, via the Nordic Nasdaq Swedish and will continue to negotiate term contracts at the launch by CME Group of stock exchange based on Bitcoin.
The liquidity of Bitcoin increases
In less than two weeks, the price of Bitcoin went from less than 7 800 $ 9 060$. Throughout the rise, the volume of daily transactions of the digital currency has increased significantly, from approximately $ 2 billion to $ 4.6 billion. Currently, the Bitcoin is more liquid than the stock of the most liquid on Earth that is Apple.
Over the next few weeks, so that the fund of the Man Group and other major financial institutions engage in exchanges of Bitcoin via exchanges strictly regulated, the value of this crypto-currency is likely to exceed the $ 10,000 before the end of 2017.
Source : CryptoCoinsNews