Bitcoin reaches a new record: $19.000
Bitcoin has once again reached a new record. This Thursday, Bitcoin managed to rocket to $19.000. According to the Coinbase exchange, Bitcoin hit a high of $19.340. But, a couple of hours later, the digital currency has fallen down 20% at a level of $15.198.
To be added that the price on Coinbase is sometimes at a premium level compared with other exchanges. Mark Newton, managing member at Newton Advisors, has declared:
Interest in bitcoin increased in 2018 and largest futures exchanges launch bitcoin futures products
At this moment, Bitcoin has a market value of approximately $270 billion. This comes after it started its year bellow $1.000. Since then, its gains have accelerated rapidly. It seems that the investor interest grew faster after this year started. To be added that CME, the world’s largest futures exchange, is planning to launch its futures product next week, while the Cboe Global Markets wants to launch its bitcoin futures on Sunday.
Bartek Ringwelski, the bitFlyer COO, has declared in a statement:
Even though Bitcoin is very popular this year, there are some people that still consider the cryptocurrency to be dangerous and very unstable. For example, JPMorgan Chase Jamie Dimon considered that Bitcoin is a “fraud.” Moreover, Michael Novogratz, a digital currency investor and former Fortress hedge fund manager, declared that bitcoin is “going to be the biggest bubble of our lifetimes.”