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Bitcoin rate beats records again. Will the soap bubble burst?

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Bitcoin rate beats records again. Will the soap bubble burst?
November 21
09:00 2017

The authoritative financial portal MarketWatch has reported on the overcoming of next psychological mark of 8000 US dollars by the bitcoin exchange rate. The cryptocurrency did not correct the rate after the triumphant growth but continued to grow. CoinDesk.com reports that yesterday bitcoin rose again to $ 8,255.2.that meant the growth of 2.8%.

We recall that since the end of 2016, the popular currency has grown in price by more than 7 times. For example, last week brought the growth of 17%. Analysts agree that the reason for such a confident rise in price was the fact that the rumors about the division of the bitcoin and blockchain into two chains remained nothing but rumors.

As a reminder, the exchange operator CME announced its plans to start trading futures for bitcoin before the end of this year. In addition, last week pleased all the fans of cryptocurrencies with the news from the payment system Square Cash. Representatives of the processing company said that a pilot project would be launched for a limited number of customers, which would allow buying bitcoins using a mobile application for smartphones.

This news undoubtedly affected the even greater growth of quotations of the most popular cryptocurrency at the moment. Gradually, the bitcoins and their analogues have less and less authoritative skeptics.

But, nevertheless, critics of a bitcoin continue to publicly speak out about crypto-currencies as the greatest market bubble of all times and peoples. In particular, a similar statement was made by Robert Shiller, Nobel Prize laureate, Professor of Economics at Yale University. It’s a pity that the market reacts not to authoritative opinions, but to speculation and rumors.

The material was prepared with the participation of Darina Belova,
a leading analyst of the brokerage company CT Trade

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