Bitcoin broke record $ 10,000 for the first time
The virtual bitcoin currency crossed Wednesday for the first time the record threshold of $ 10,000, continuing to climb after seeing its value multiplied by ten in less than a year.
Bitcoin, which is bought and sold on specialized platforms on the internet, was worth 10,058 dollars (8,489 euros) in the first exchanges in Asia, according to data compiled by the agency Bloomberg. Around 05H45 GMT, it was worth 10,490.65 dollars.
In mid-October, the cryptographic currency was still trading at $ 5,000, half the value reached on Wednesday. The recent surge is all the more spectacular as bitcoin started the year around $ 1,000, before stumbling into one of the crashes he knows regularly.
Without physical existence, bitcoin launched in 2009 relies on a peer-to-peer payment system based on blockchain or blockchain technology. It is traded on specific platforms on the internet and has no legal tender.
It is not governed by a central bank or a government but by a large community of Internet users and accepted in a growing number of transactions (restaurants, real estate, etc.).
But this cryptographic currency causes many criticisms, including financial institutions such as banks or governments that can not control it.
– Alternative or scam? –
Bitcoin price in 2017
In mid-September, JPMorgan’s CEO, Jamie Dimon, had estimated that bitcoin was a „scam“ intended to „implode,“ while Credit Suisse boss Tidjane Thiam had recently declared it “ the very definition of a bubble „.
The roller coaster of Bitcoin is a source of fear for speculative excitement. At its launch in February 2009, a bitcoin only cost a few cents …
China banned the exchange of cryptographic currencies on the country’s platforms in September, asserting that it wants to counter „illegal activities“ but also stem the potential risks to its financial system.
The Chinese ban temporarily heckled the market, but prices quickly resumed their irresistible rise.
For its advocates, bitcoin offers a secure alternative to traditional currencies: the „blockchain“ makes transactions tamper-proof because, in order to modify information, it should be changed simultaneously among all users.
This characteristic is of great interest to the banking sector, where the blockchain could open new horizons, simplify dematerialized transactions and generate savings.
The American CME, one of the largest traders in the world, announced at the end of October that it will offer derivative products to speculate on bitcoin.
On Wall Street, the investment bank Goldman Sachs also plans to speculate on behalf of its customers, had told AFP in early October a source close to the record. His rival JPMorgan Chase also said he was „very open“ to cryptographic currencies „properly controlled and regulated“.