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Bitcoin Hits The $9000 Mark

Nov 26, 2017 | Uncategorized | 0 comments

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.


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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