Bitcoin Surpasses $14000 Mark on Thursday, as S. Korea Rally Continues

Cornelia Mascio
Dicembre 7, 2017

The regulator said at the time that it intends to bring digital currency trading under regulatory system.

Bitcoin has enjoyed a stunning rise this year, drawing increasing attention from mainstream investors.

Bitcoin started off the year below $1,000, then surpassing it and only last week reached $10,000. Despite a flurry of warnings from top economists and business leaders, its upward trajectory has continued - albeit with a few sharp dips along the way.

In Asia, it surpassed two milestone $12,000 and $13,000 within 24 hours on Thursday before skyrocketing to the sum of $14,000 per coin.

"Bitcoin now seems like a charging train with no brakes, said Shane Chanel, an adviser at investment services firm ASR Wealth Advisers".

The news came after a civic association preparation committee, led by Kim, mapped out Wednesday the voluntary regulation of cryptocurrency in the nation suffering from a legal vacuum. After breaking above $11,000 last week, it abruptly plunged by more than $2,000 before resuming its climb. But experts inside the industry predict its rally has a lot farther to run.

But a study published this week by Natixis Investment Managers, a major French asset management firm, found that 64% of institutional investors think bitcoin is a bubble.

A lion's share of the trade is down to South Korean investors.

Starting January 2018, the bottom-up regulation will force a cryptocurrency trader to buy or sell coins through one verified, real-name virtual account per exchange.

Altre relazioniGrafFiotech

Discuti questo articolo

Segui i nostri GIORNALE