For months now, the price of the cryptocurrency Bitcoin has risen steeply.After only a few weeks ago, the $ 7000 mark was reached. Bitcoin could now reach another record.However, the cryptocurrency system is viewed critically by many experts and is generally considered to be very unstable.

Bitcoin

According to CoinMarketCap , the price of $ 9,093.26 was reached today at around eight o’clock. Thus, the cryptocurrency needed only nine days to break even after the $ 8000 mark, the $ 9000 mark. Over a longer period, the course record was below the $ 1000 mark.Only since a few months can the rapid increase be recorded. Since the beginning of the year, the value of Bitcoin has increased by 1128 percent and thus by a full order of magnitude.

Also Read: Bitcoin Price Rebounds To Reach $4600

Nevertheless, in connection with the cryptocurrency Bitcoin, there is also much criticism. Some banks’ experts and executives believe that a majority of Bitcoin’s buyers will lose their entire money at a later date. The rapid increase in the virtual currency is mainly due to Asian markets such as China and Japan.Just over a month ago, China had taken regulatory action to strengthen the local currency, the yuan.

Also Read: Bitcoin Is A Scam, says JP Morgan CEO
It is not exactly unlikely that Bitcoin can fall back to a very low value in a relatively short time. Therefore, every investor has to know for himself if he is still investing in the cryptocurrency at the present time. For investors who invested their money a few months ago, the business should have been worthwhile.

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