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
1.04
Trade+0.01% -
USD/JPY
157.58
Trade+0.27% -
GBP/USD
1.25
Trade-0.1% -
AUD/USD
0.62
Trade-0.18% -
GBP/JPY
197.44
Trade+0.17%
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Tesla, Inc.
462.46
Trade+5.99% -
Microsoft Corporation
439.19
Trade+1.03% -
Coinbase Global, Inc.
279.63
Trade+2.28% -
NVIDIA Corporation
140.17
Trade+0.3% -
Apple Inc.
258.15
Trade+0.86%
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Gold
2628.65
Trade+0.46% -
Crude Oil WTI
70.38
Trade+0.61% -
Crude Oil Brent
73.56
Trade+0.4% -
Silver
29.72
Trade+0.26% -
Natural Gas
3.32
Trade-2.66%
-
US 100
21672.63
Trade-0.64% -
US 500
6016.61
Trade-0.45% -
US 30
43075.74
Trade-0.42% -
GER 30
19887.85
Trade-0.09% -
JP 225
39593.5
Trade+0.49%
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UltraPro Short QQQ
27.93
Trade-2.96% -
S&P 500 ETF
601.26
Trade+0.89% -
20+ Year Treasury Bond ETF
87.86
Trade+0.96% -
Daily Junior Gold Miners Index
37.37
Trade-0.9% -
Technology SPDR
240.55
Trade+0.73%
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