It does not slow down the wild ride of the Bitcoin. The nominal value of the most traded cryptocurrency in the world has reached a peak of 12.434 dollars, thus marking a new historical record.
At the beginning of the year the exchange rate was 966 dollars. It means that, in less than 12 months, the value of Bitcoin has risen by 1.187%. The acceleration has come especially in recent months, with the share price having doubled since October.
THE NEW BITCOIN FUTURES
Triggering the latest wave of cryptocurrency buying were the world's two major regulated derivatives markets. These are the Chicago Mercantile Exchange and the Chicago Board Options Exchange, which launched Bitcoin futures contracts.
A move that obviously smacks of a bullish bet: on the one hand the trading of a new class of financial assets is regulated and on the other its liquidity is ensured. Signs are coming from the Asian markets that suggest a possible continuation of the race and operators are not ruling out a new surge in the $14 area.
JP MORGAN THINKS ABOUT IT
But it's not over. There was also a sensational U-turn by Jamie Dimon, number one at JP Morgan. Just a month ago, the banker said he would fire an employee who dared to invest in cryptocurrency. He must have changed his mind, given that his bank has published a report advising customers to invest in "emerging assets".
BUY BITCOIN IN ITALY
Meanwhile, news is also arriving from Italy. In Rovereto, in the province of Trento, the first shop that allows you to buy the main cryptocurrency in our country has opened in via Rialto 21. The property belongs to the inbitcoin company, the same one that launched the ATMs into which euros are introduced to top up the Bitcoin wallet.
EXPERTS RECOMMEND CAUTION
On the other hand, the trend of the cryptocurrency continues to be very volatile and difficult to predict, therefore many experts recommend caution. Just a few days ago, the value of Bitcoin had dropped by 20% in a few hours, falling back to $9.
What is Bitcoin? Laws the explanation of Professor Giovanni Ferri.
