Home / Business / The price of Bitcoin exceeds $ 12,000 for the new all-time record

The price of Bitcoin exceeds $ 12,000 for the new all-time record

Bitcoin broke the $ 12,000 mark on Wednesday morning, Asian time, as the cryptocurrency continued its highest march.

Graphic courtesy of CoinDesk.

With the morning rise on Wednesday, the cryptocurrency now has a total market value of approximately $ 203 billion, more than double the Goldman Sachs market limit. [19659003] All the explosive growth of digital assets occurred in a context of constant criticism from many financial luminaries.

On the one hand, Stephen Roach, a colleague at Yale University and former president of Asia and chief economist of investment bank Morgan Stanley, said CNBC said on Tuesday that he was deeply skeptical of investing in bitcoin.

"This is a toxic concept for investors," Roach, described by Yale as one of Wall Street's most influential economists, told CNBC. "This is a dangerous speculative bubble by any shadow or stretch of the imagination"

"I have never seen a graph of a security value where the price actually has a vertical pattern and the bitcoin is the most vertical of any pattern that I've seen in my career, "he added.

However, many elements of the financial world have adopted the new cryptographic asset class: major exchanges such as CME and CBOE have legitimized the currency's investment credentials by saying that they plan to enter futures contracts into their respective exchanges.

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