Bitcoin, the best-known cryptocurrency in the coin supply chain of the future, is reaching all-time highs.
In fact, yesterday it exceeded $ 64,841 in mid-April after falling to $ 30,000.
A roller coaster ride that strong-hearted Bitcoin fans are quite used to. This time the bullish trend came from good news: the preview in the United States of the first exchange-traded fund (ETF) linked to this cryptocurrency.
The market capitalization thus exceeded 1.2 trillion dollars, a figure higher than the stock market value of Facebook and only slightly lower than the GDP of the whole of Spain.
Bitcoin, gold of the future or superflop?
And in the universe of cryptocurrencies, the interest of investors and the adhesion of payment platforms known as PayPal is growing. And again the service of giants like Goldman Sachs and Morgan Stanley, the abundance of liquidity on the American market and the support of billionaires like Elon Musk of Tesla, and Jack Dorsey of Twitter.
And then the latest news will be the arrival of the Coinbase company on Wall Street to exchange Bitcoin.
All of this has spurred the price and opened the door for a large number of investors who can invest without complications and worries.
Bitcoin, which is taking root in America, has however found a real wall in China that has tried to declare any activity of this type illegal.
But the cryptocurrency has resisted in value to this “psychological blow” as well as it has done under the pressure of the “warnings” of the central banks that consider this phenomenon on a par with subprime mortgages.
Bitcoin, gold of the future or superflop?
Nor has cryptocurrency been touched by the fact that its growth has gone hand in hand with rising energy prices as mining requires huge uses of electricity.
How far will the value go? Many cryptocurrency supporters see it over $ 100,000. In the last year its value has grown by 130% while in the last 5 years by an incredible 10337%.
A bitcoin purchased five years ago for less than 600 euros now has a value of around 60,000 euros but with a heart-pounding up and down.
After the king of cryptocurrencies, bitcoin, there are other lesser-known but equally performing coins such as Ethereum, which grew 451% in one year, and which made the fortune of Inditex, owner of Zara or like Binance, which revalued by 1.209% this one. year.
So will Bitcoin be the gold of the future or the financial superflop of the century?
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