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.
< 1 min
Table of contents
MOST TRADED ASSETS
- Binary Options
- Digital Options
- Forex
- Stocks
- Indices
- Commodities
- ETFs
-
EUR/USD
1.09
Trade-0.09% -
USD/JPY
151.76
Trade+0.06% -
AUD/USD
0.66
Trade-0.08% -
GBP/USD
1.3
Trade-0.07% -
GBP/JPY
197.47
Trade-0.01%
-
Microsoft Corporation
411.2
Trade+0.42% -
Tesla, Inc.
251.22
Trade+2.27% -
NVIDIA Corporation
139.83
Trade+1.95% -
Amazon.com, Inc.
199.45
Trade+1.45% -
ThyssenKrupp AG
3.42
Trade+4.7%
-
Gold
2742.54
Trade-0.05% -
Crude Oil WTI
71.71
Trade+0.03% -
Crude Oil Brent
75.38
Trade+0.49% -
Silver
32.64
Trade-0.08% -
Natural Gas
2.84
Trade-0.04%
-
US 100
20207.8
Trade+0.06% -
US 30
42348
Trade+0.1% -
US 500
5796.62
Trade+0.11% -
HK 33
20936.2
Trade+2.21% -
US 2000
2268.2
Trade+0.15%
-
Daily Junior Gold Miners Index
50.43
Trade-2.09% -
20+ Year Treasury Bond ETF
92.71
Trade+0.75% -
S&P 500 ETF
576.7
Trade+0.89% -
ETFMG Alternative Harvest
3.33
Trade+0.53% -
Bitwise Bitcoin ETF (BITB)
37.8
Trade+0.03%
Your capital might be at risk
Related posts
2 stars of the crypto market: Bitcoin vs. Ethereum
Day Trading Cryptocurrencies on IQ Option
Cryptocurrency News: Where Are We Headed?
Crypto Trading: Still Hot or Not?
Trading CFDs on Crypto with IQ Option
Bitcoin Technical Analysis: July 2020. Bulls or Bears?
Bitcoin Technical Analysis for July 2019
India Taking Back Control of Their Data Against Digital Gangsters?
What should you learn next? Turn the wheel to find out!
