Accéder au contenu principal

BITCOIN IS NOW MORE VALUE THAN DISNEY AND MCDONALD'S - FOR A FAMOUS TRADER, "IT COULD END HARDLY"

The price of Bitcoin is now close to the $ 10,000 threshold, after breaking new historical records.
Bitcoin overtakes Disney and McDonald's
The price of the BTC has reached almost $ 9800 this morning, 09h44 French time, according to data provided by Coinmarketcap.
The total value of the 16.7 million Bitcoins in circulation now exceeds 160 billion dollars (and even if, as we told you in this article, some BTC were probably lost along the way).
The capitalization of Bitcoin now exceeds that of large companies like McDonald's (136 billion dollars), IBM (140 billion), Disney (155 billion), or General Electric (158 billion):

A rise that worries some observers
But while this rise is proving enthusiastic by many investors, some observers have not shared this concern - and seem to believe it is a speculative bubble ready to explode.
Art Cashin "Bitcoin has become 'parabolic' - in general, it does not end well," CNBC's famous trader Art Cashin told CNBC.
"I think we are currently in a phase of 'fear-of-missing-out'" he added, referring to the "fomo" syndrome, which is pushing some investors to rush into Bitcoin, fearing that its price does not increase too much.
"I think there is some concern. I am told - and take it with the utmost caution - that this movement is worrying some people in the Federal Reserve, "he said.
Mr. Cashin explained that some wondered whether Bitcoin, whose price has risen by more than 950%, was likely to "disrupt" the money markets. "It is not important enough yet," he explained. "But it is certain that its capitalization is changing."
"A huge speculative bubble"
Neil WilsonNeil Wilson, an analyst at ETX Capital, shared his views on the rise in an interview with reporters at The Guardian.
"Rather a commodity or currency, owning Bitcoins means holding shares of a company, which will never issue more than 21 million shares, and will never pay a penny of a dividend," he said. .
"The only reason it's worth it is because another person is ready to give you even more money to get it - a person even more stupid than you ['greater fool']. Deprived of any intrinsic value, it is difficult to see anything other than a gigantic speculative bubble, "he added.
This increase appears to be partly due to the potential arrival of new institutional investors, who will be able to buy Bitcoin futures through the CME Group's trading platform.
And Bitcoin is not the only one to reach new historical records. The price of Ether, the second cryptocurrency in terms of capitalization, flirted this morning with the bar of 500 dollars, while its price amounted to about 300 dollars there are a fortnight.
At the same time, the total value of all the cryptocurrencies last night, for the first time, exceeded the symbolic threshold of $ 300 billion - an increase of more than 200% since June 2017.

Commentaires

Enregistrer un commentaire

Posts les plus consultés de ce blog

5 things to know when the bitcoin crash

Investment in cryptocurrency is considered a risky investment, you can as well make a big gain quickly than lose everything in no time. In short, there is no guarantee. This has been proven a few days ago when the price of bitcoin dropped from $ 20,000 to around $ 11,000, a drop of almost 50%. We take advantage of this "crash" to give you some points to know about this investment. However, we want to make it clear from the beginning that it is not a matter of advice to make a success of your crypto-investment, nor to influence your decision-making. Beware of reviews on Facebook or Reddit When we go through a difficult period, like the bitcoin crash, for example, it is normal to go to social networks to find help, or at least see what people do in your area. situation. Unfortunately, Facebook, Twitter or Reddit are full of malicious people who will not hesitate to give bad advice, like selling bitcoins hastily after a fall in price ... Some will tell you that they predi...
14 commentaires
Lire la suite

24h on the crypto planet # 28: all the news about cryptocurrency

Hello everyone, and welcome to this new episode of 24 hours on the crypto planet! The markets are shaking, the temperature is going down, and  @tighilt  will accompany you all the holidays, Happy reading! Crypto companies could be banned from the Israeli Stock Exchange. The president of the Israeli Securities Regulatory Authority (ISA) - Shmuel Hauser - said at a conference that he was going to put an ISA review on the proposal to ban the Israeli stock exchange. set of businesses based on cryptocurrency. "Investors need to know what our position is. Shmuel Hauser A Christmas tree Ethereum for charity At the end of the year, a crypto-enthusiastic group based in Toronto created a charity project: the Merry Merkle Tree. This program, initially supposed to raise $ 25,000, has finally brought back more than $ 90,000 in ETH, for the cause of homeless youth. Robbie Bent, the organizer of the action, said the idea came to him when he realized the extent to which cryptocurre...
14 commentaires
Lire la suite

Crypto Analysis: Ethereum - Bitcoin

Hello to all my crypto! The trend continues to rise on Bitcoin but goes down on the altcoins. Our yesterday's trades have passed, as expected bitcoin has joined its bullish channel. This is not without reason, the return of B2X fork attracts speculators. To enjoy it, you must Hold your Bitcoins in a Wallet where you hold the private key! You will receive 1 B2X for every BTC you have at the time of the snapshot! Our analyzes are entirely made on the Binance chart with the Coinigy analysis platform! Bitcoin The trend is starting to rise again on Bitcoin. We managed to leave our bullish channel and hit the lower band of Bollinger. Logically, we should see prices go up a little bit in the next few days. The fork is not for nothing, it attracts speculators. The current rise is thus lined with irrationality, this detail must attract our attention. Indeed, a massive dump could intervene after the snapshot BTC. For now, the trend is on the rise and we are evolving in a major c...
8 commentaires
Lire la suite