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Demand for cryptocurrency growing, bitkoin on BitStamp exceeded the record level of $ 1,700

15 may 2017 - Fx4News
Demand for cryptocurrency growing, bitkoin on BitStamp exceeded the record level of $ 1,700

Bitkon hit a record high on Tuesday, as the cryptocurrency demand has grown significantly. 

Bitcoin value increased to $ 1760.40 on BitStamp platform. Thus, the day the currency has risen by 6%. This year, the Bitcoin price increased by almost 80%. The market capitalization of Bitcoin on Tuesday reached $ 52.5 billion, according to coinmarketcap.com.

 

 

Besides the fact that Bitcoin is an asset to be traded on the stock exchanges, as example, stocks and bonds, cryptocurrency also become a way of payment in some online stores such as Overstock.com, and the translation process funds without third party mediation. 

"We are seeing the influx of new capital, and that capital flows from kriptoaktivov and Bitcoins", - said Chris Burniske, the head of the company's financial products blokcheyn ARK Invest in New York, which manages funds traded on the stock exchange. 

"Bitcoin is still the main supplier of liquidity in the market, and people use it to buy other kriptoaktivov" - added Burniske. 

However, the president of the Federal Reserve Bank of Minneapolis Neil Kashkari skeptical about the prospects of Bitcoins, noting that Blockchain platform has more features in the future, than the actual digital currency. 

"I think the mood in the markets and the Fed has changed", - said Kashkari on Technology Conference in Minneapolis on Tuesday. 

 

Based on materials WELTRADE

 

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