BITCOIN PRICE : CURRYPTOCURRENCY UP AND DOWNS AS FEARS OF BUBBLES INCREASE
The value of bitcoin has dropped just below $10,000 after hitting a record high earlier this week.
The cryptocurrency, which is attracting a huge amount of mainstream attention, has fallen steadily since Wednesday 29 November, when it reached $11,342.
Its value is $9,900 (£7,342) as of Friday morning UK time, according to the Coinbase exchange.
Naturally, its spectacular rise has coincided with increasing amounts of interest, with more and more people now looking to invest.
Numerous financial experts are advising....
there are serious fears that the digital currency has created a bubble that could burst at any moment.Bitcoin only exists online, has no central bank and isn't linked to or regulated by any state.However, transactions made with the cryptocurrency are irreversible, which makes investors in bitcoin attractive targets for cybercriminals. Bitcoin only exists online, has no central bank and isn't linked to or regulated by any state.However, there are serious fears that the digital currency has created a bubble that could burst at any moment.
Numerous financial experts are advising potential investors to avoid getting involved with bitcoin, though others are speculating that it could keep rising towards the $1m mark.
Bitcoin only exists online, has no central bank and isn't linked to or regulated by any state.
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