Bitcoin's 1000 % increase in value during 2017 sparks fear of a bubble about to burst



Bitcoin’s price is poised to smash the $10,000 barrier – sparking fears of a dangerous bubble which could end in huge losses.
The online currency has jumped 20 per cent in just three days to record highs of $9,700 per unit.
Its price has rocketed from around $1,000 at the start of the year, as online money moved from the preserve of enthusiasts on the internet into the mainstream.
Thousands of amateur traders are now piling in and betting huge amounts, while start-up companies are using bitcoin to raise money and avoid the transparency needed in a stock market float.
But experts fear that... read more

 
28 November 2017 in Business, Views: 66
Source: Daily Mail
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