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4 minutes agoBitcoin, the virtual currency that had major fluctuations in 2017
Periskopi(8 years ago)
(8 years ago)A tried coin, or a predictable flow? Bitcoin surprised the financial world in 2017. The most valuable digital currency in the world has taken investors on a wild journey this year, rising and immersed at a time when the stock market has been a calm sea. Growth from [...]
A tried coin, or a predictable flow? Bitcoin surprised the financial world in 2017.
The most valuable digital currency in the world has taken investors on a wild journey this year, rising and immersed at a time when the stock market has been a calm sea. The increase of over 1,900% at one point this year captured the imagination of speculators as well as investors in Main Street and Wall Street.
But along the way, Bitcoin has suffered several major obstacles, including a 36% drop in June and July. In December alone, it has doubled, reaching a record day of 19,783, to sit briefly 45% below $11,000. Then he returned to $14,290.
“has been a light bottle”, says Tom Lee, co-founder and head of research at the Global Foundation in New York.
Critics of Bitcoin say his large growth has been driven mainly by speculation and that it is a financial bubble. In addition to falling during the summer, the thorniest bitcoin points include a 32% drop in an eight-day space that ended on Christmas Eve and which was fed by investors winning after a steep increase in prices.
“Investors should get used to these large points. Think about it. Bitcoin's approval is still in early stages, in the US and at a global level”, says Lee from the FundStra.
He expects Bitcoin to grow by 50% by mid-2018.
