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
1.14
Trade+0.03% -
USD/JPY
143.43
Trade-0.22% -
GBP/USD
1.34
Trade+0.39% -
AUD/USD
0.64
Trade+0.08% -
GBP/JPY
191.53
Trade+0.17%
-
Tesla, Inc.
291.09
Trade+2.5% -
Shopify Inc.
97.16
Trade+1.52% -
NVIDIA Corporation
109.91
Trade-0.97% -
Amazon.com, Inc.
189.61
Trade+0.73% -
Apple Inc.
209.46
Trade+0.15%
-
Gold
3280.36
Trade-0.57% -
Crude Oil WTI
62.69
Trade-0.38% -
Crude Oil Brent
65.68
Trade-0.38% -
Gold-Gram
105.47
Trade-0.57% -
Silver
32.98
Trade+0.23%
-
US 100
19419.08
Trade+0.18% -
US 500
5524.02
Trade+0.13% -
GER 30
22403.85
Trade+0.25% -
US 30
40141.6
Trade+0.23% -
JP 225
36030.62
Trade-0.24%
-
S&P 500 ETF
550.55
Trade+0.73% -
UltraPro Short QQQ
31.65
Trade-3.67% -
Daily Junior Gold Miners Index
67.56
Trade+1.84% -
QQQ Trust, Series 1
472.56
Trade+1.22% -
Gold Miners ETF
48.81
Trade+1.04%
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