24 hours ago the cryptocurrency Bitcoin was trading below $3.700. Today it crossed $4.000 setting a new record and showing no signs of vacation of his frantic course.
About 12: 00 at noon, Greece time, at Bitcoin reached 4.215 dollars and at the time this article is being traded negotiates at 4.024,32. And all this, bearing in mind that Bitcoin was spending the 3.000 dollar limit a week ago. For those who are interested in following the course you can see in this Link a graph of its price for the last 24 hours.
But, let's look at some possible causes responsible for this rise. Do you remember that before two weeks Bitcoin went through the "hard fork" process and came out essentially unscathed. A division of the currency was then made and one was created bitcoin-clone called Bitcoin Cash, but so far it has not received much attention from what was expected. A few days later Bitcоin was locked in SegWit, One amendment (or upgrade if you want) code that fixes plasticity issues and frees up block space, allowing more transactions to be stored.
Another reason might be the ICO frenzy. Just last week, Filecoin went up 180 millions dollars in a few hours. Most investors have to convert fiat currency to bitcoin or other cryptocurrencies to participate in the ICO, which could drive the price up (and give investors their first taste of bitcoin).
Another reason is Wall Street's new obsession with BitCoin. You can not watch CNBC for five minutes without seeing a businessman or an analyst telling their opinion by betting bitcoin that "it's going to be the best investment of all time."
What will happen next? Nobody knows. BitCoin could crash tomorrow at 50%, that is $ 2,000 or climb to $ 5.000. Besides, nobody really knows what can happen in an international market. Each user has a different view, some say it is a big bubble and should have been bursting months before, and others believe that Bitcoin has only shown a fraction of what he could eventually achieve.
Whichever camp you belong to, listen to a friendly reminder: Do not invest more than you can afford and lose, because if you ask whoever has spent a few months in the world of cryptocurrency will tell you Bitcоin is a roller coaster that goes upstairs.
