6 posts / 0 new
Last post

Bitcoin Breaks All-Time High, As Cryptocurrency Smashes $11,900

"...Bitcoin's rise in value in 2017 is unprecedented. It started from below $1,000 on January 1 and is now up more than 12-fold for the year. The cryptocurrency has been growing at a dizzying pace over the past month, having almost doubled in price since November 1. Analysts' warnings of bitcoin being a 'dangerous bubble' have not stopped the rally.

Bitcoin's market capitalization is now over $199 billion, making it worth more than major US companies like Boeing and General Electric. Its market cap is also bigger than the gross domestic products (GDP) of Greece and New Zealand.

If bitcoin were a company, it would be the 50th richest nation in the world."




Another Day, Another Record

"Bitcoin juggernaut smashes $18,000..."

Mr. Magoo Mr. Magoo's picture

Wow.  Rarely does currency speculation result in such a laudable outcome.  The new bitcoin millionaires certainly deserve this.


Alternative Visions - 1500% For Them, 0.5% For Us: Bitcoin vs Wages (and podcast)

"Dr Rasmus goes in depth on the bitcoin mania and the bubble now at more than $ 15,000 a coin - a 1500% increase in speculative profits in 2017...and rising. What are the determinants and drivers of the Bitcoin mania, the 'digital tulips' bubble of today?"

progressive17 progressive17's picture

The good thing about the Bitcoin bubble is that this wild speculation might make other asset classes which are contained in our pensions less bubble-prone.


Bitcoin's Mysterious Creator Could Become World's First Trillionaire

"With the cryptocurrency's booming price, the fortune of Nakomoto who is reportedly sitting on $17 billion, could turn him into the world's first trillionaire. The price of the world's most valuable digital currency bitcoin is up 1,800 percent this year. Last week it rocketed above $19,000 for the first time."