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Bitcoin to a new high

10 may 2017 - Fx4News
Bitcoin to a new high

Course Bitcoin on Tuesday updated the next maximum value on the background of the creation of new tokens in order to attract funding for startups blokcheyn. 

So, cryptocurrency reached $ 1760.40 on BitStamp platform, which is a record value and was trading at $ 1747.89. It should be noted that since the beginning of this year, Bitcoin has appreciated by almost 80%, while the market capitalization of the exchange on Tuesday rose to $ 52.5 billion.

 

 

Bitcoin's popularity is growing against the background of its expansion and the introduction of an increasing number of areas. Besides the fact that Bitcoin may be traded on the stock exchanges, it became a form of payment for some retailers such as Overstock.com, and it can be used to transfer funds without the involvement of a third party. 

This is interesting: the Bitcoin - 7 features cryptocurrency

But there are people who are skeptical about the prospects cryptocurrency such as the Federal Reserve Bank of Minneapolis Neil Kashkari. He believes that blokcheyn has a better chance for acceptance in the future, than cryptocurrency and Bitcoin in particular. 

Analysts say that the rising cost of Bitcoins directly dependent on the growth of demand for other cryptocurrency, which implements within the ICO-offerings. Blokcheyn startups realize their tokens directly to the public to raise capital without a specific regulatory control. In 2017, about 40 start-ups conducted ICO.

 

 

Based on materials WELTRADE

 

 

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