CRYPTOCURRENCY: It looks more and more like a bubble . The price of Bitcoin continued its surge Thursday to exceed for the first time in its history the threshold of $ 15,000, thanks to a jump of over 50% in a week.
It looks more and more like a bubble . The price of Bitcoin continued its surge Thursday to exceed for the first time in its history the threshold of $ 15,000, thanks to a jump of over 50% in a week. The virtual currency reached 15,075.02 dollars, his new record, at 10:05 GMT, before returning to turn around the $ 15,000 threshold, according to data compiled by Bloomberg.
— Bloomberg Technology (@technology) 8 December 2017
The price of bitcoin has no end to reach heights, beating any good speed record on record. Thus he had just crossed the $ 14,000 on the night in Asia. In mid-October he was still trading at $ 5,000. Its value has multiplied by 15 since the beginning of the year he had begun around 1,000 dollars, causing concern of financial authorities and amazement market analysts, unaccustomed to such an outbreak of an asset.
A currency more legitimate
The race record is nourished by the growing interest of major US markets, some are preparing to launch in the current December futures of bitcoins, to speculate on its evolution. These scholarships and give legitimacy to the asset to some players in the traditional finance that tasted little product of a new type until now.
They thus raise many critics in the world of finance. The association FIA derivatives exchanges has criticized deemed a hasty decision and having too much risk. Many renowned economists like the Nobel laureate Joseph Stiglitz and Jean Tirole , are on the frontlines in recent days against soaring bitcoin, described as a “speculative bubble” likely to “implode”.
Capitalization of 256 billion dollars
Central bankers, masters of traditional currencies and guarantors of global financial stability, when they have multiplied warnings, like the governor of the Bank of France François Villeroy de Galhau estimating that those who invested in the bitcoin were “totally at their peril. ”
As the number of bitcoins being circulated is limited, demand renewed immediately translates into an increase of its value. Now, the total capitalization of the cryptomonney is $ 256 billion, far ahead of its competitor Ethereum weighs 40 billion, according to data from coinmarketcap.com specialized site.