Hard to believe it but true; the most famous digital currency has risen some 869% year-to-date. Bitcoin jumped to an all-time high of $9,721.
“The move appears to be retail driven,” said Brian Kelly, CEO of BKCM, who runs a digital assets strategy. The largest bitcoin exchange in the U.S., Coinbase, added something around 100,000 accounts between Wednesday and Friday to a total of 13.1 million.
Still, with the digital currency rise, many analysts have talked about a price bubble when commenting about bitcoin. For example, Jamie Dimon, JPMorgan Chase CEO, said people who buy bitcoin are “stupid” and sooner or later will “pay the price for it”.
Last week, a poll among CFOs showed that almost a 30% of 43 respondents believed bitcoin was “real but in a bubble”. 27.9% of the respondents thought the cryptocurrency was simply a “fraud”. 14% said they believed bitcoin is “real and going higher”.
Bitcoin is now worth seven times an ounce of gold. Its market capitalization is higher than IBM, McDonald’s or Disney.
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Table of contents
MOST TRADED ASSETS
- Binary Options
- Digital Options
- Forex
- Stocks
- Indices
- Commodities
- ETFs
-
EUR/USD
1.12
Trade+0.11% -
USD/JPY
146.07
Trade-0.43% -
GBP/USD
1.33
Trade+0.09% -
AUD/USD
0.64
Trade+0.02% -
GBP/JPY
193.73
Trade-0.34%
-
Microsoft Corporation
451.42
Trade-0.22% -
Tesla, Inc.
345.18
Trade-0.4% -
Domino's Pizza Inc
483.4
Trade-0.14% -
NVIDIA Corporation
135.47
Trade-0.64% -
Amazon.com, Inc.
209.02
Trade-0.13%
-
Gold
3133.75
Trade-1.41% -
Crude Oil WTI
61.14
Trade-0.94% -
Silver
31.76
Trade-1.3% -
Gold-Gram
100.75
Trade-1.41% -
Crude Oil Brent
64.22
Trade-1.48%
-
US 100
21243.8
Trade-0.21% -
US 500
5870.5
Trade-0.14% -
GER 30
23411.3
Trade-0.17% -
US 30
41822.95
Trade-0.04% -
US 2000
2078.69
Trade+0.03%
-
UltraPro Short QQQ
23.74
Trade-1% -
S&P 500 ETF
587.55
Trade-0.06% -
Daily Junior Gold Miners Index
59.56
Trade-0.64% -
Bitwise Bitcoin ETF (BITB)
56.23
Trade-0.77% -
20+ Year Treasury Bond ETF
85.34
Trade-0.53%
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