The value of Bitcoin exceeded $ 17,000, a new record high.
The value of the currency was less than a thousand dollars earlier this year, but continued to rise significantly, despite warnings of a possible "bubble".
The index comes days ahead of the completion of forward contracts in the currency of Bitcoin, by two companies in the financial markets, including the group CME, the largest securities activity in the world in the futures.
Cmc Risk Estimate said that this rise carries all indications of the possibility of a "bubble", warning that "no one knows when the bubble will explode."
So what is the story of the Bitcoin?
Bitcoin is a digital coin (virtual) launched in 2009 by a mysterious person named Satoshi Nakamoto. It is not a traditional currency because it does not have a central bank, state or body that organizes and supports it.
The currency of BTC was created through a complex computer process and then monitored by a computer network around the world.
Customers can pay using a smart phone and QR application to read codes. Old Fitzroy was the first pub in Australia to accept the currency of the BTC.
About 3,600 new home-brewing currencies are being issued daily around the world, and currently number 16.5 million units are traded, within the maximum permitted amount of 21 million units of KFH.
For this process, the user must purchase and process transactions through digital exchanges such as San Francisco-based San Francisco. Instead of recognizing the central authority of the remittance process, they are all registered in a public budget called blockchain.
BTCs are not already present but digital keys are registered in a digital portfolio that can manage conversions. If a portfolio is used online, users should trust its source because hackers target servers to steal Bitcoin.
It is characterized by low fees, because the currency has not moved but the currency code is that comes out of the portfolio and entered into another portfolio.
Customers can charge using a smart phone and QR application to read codes. Old Fitzroy was the first pub in Australia to accept the currency of the Bitcoin
The first ATM was set up in Vancouver, British Columbia, Canada in 2013, and allows users to buy or sell digital currency.
It has only 21 million units and is therefore more stable than government-backed currencies.
Sales and purchases can not be tracked because BTC do not have a related serial number, which enhances privacy. One of its drawbacks is that it is used as an unknown means to carry out large trans-boundary transfers, so it has been linked to drug trafficking and money laundering and is used on the Silk Road, a platform for the sale of illegal drugs.
The total nominal value of all the world's Bitcoin now exceeds $ 167 billion. BTC is the first digital currency of its kind.
Criticism
Critics say that it is in a bubble, as happened with the Internet bubble of the mid-1990s, when the financial markets of the industrialized countries grew significantly in the Internet-related industries, while others say that the price of the home Rising as they began to break into traditional money markets.
The views of financial market regulators differ on the status and risks of digital currencies.
The British Capital Market Authority warned investors in September that they could lose all their money if they bought electronic currency.
But last week, the US Capital Market Authority allowed two of the traditional securities firms, the CME group and the Cloe Global Market, to start completing their contracts in the currency of BTC.
The Commodity Futures Trading Commission (CFTC) said it would allow investors to buy and sell Futures contracts in the currency of Bitcoin.
Carl Schmotta, director of market strategies at Cambridge Global Investments, said the move was the reason for the recent rise in the currency. "The common perception among people around the world is that CME and COOE give the legitimacy of the currency of Bitcoin, which is the real reason behind this big upsurge."
Leonard Weiss, president of the Hong Kong-based Bitcoin Society, says the currency's rise is "often due to greed and fear of losing the opportunity."