The bitcoin exceeds for the first time the barrier of 10,000 dollars
A sign from a Tokyo store informs customers that you can pay with bitcoins, in an image dated April 7, 2017
The bitcoin virtual currency exceeded the $ 10,000 barrier for the first time on Wednesday, continuing its spectacular climb, which has led to a tenfold increase in its value in one year.
Bitcoin, which is sold and purchased on specialized internet platforms, rose to $ 10,058 per unit in the exchanges of Asian markets, according to data compiled by the Bloomberg News agency.
In mid-October, the cryptographic currency was changed to $ 5,000, half of the value reached on Wednesday.
A spectacular rise considering that the year began around $ 1,000, before falling as it happens regularly.
For now, it will continue to rise, since “there is no visible factor on the horizon to lower it,” Shane Chanel, of ASR Wealth Advisers in Sydney, told AFP.
Without physical existence, bitcoin launched in 2009, is based on a payment system between P2P people based on a technology called “chain of blocks” (blockchain).
This virtual currency is bought and sold on specific internet platforms and has no legal tender.
It is not governed by a central bank or a government, but by a large international community and is accepted in a growing number of transactions (restaurants, real estate, etc.).
However, this currency raises many criticisms, particularly from financial institutions, such as banks, and governments because they can not control it.
– Alternative or scam? –
Evolution of the bitcoin’s price between January and November 2017, when it exceeded the $ 10,000 barrier for the first time
“This is a bubble and there is a lot of foam in. This is going to be the biggest bubble of our lives,” hedge fund manager Mike Novogratz warned during a cryptocurrency conference held in New York on Tuesday.
In mid-September, the president of JPMorgan, Jamie Dimon, said that bitcoin is a “scam” destined to explode.
“It is the very definition of a bubble,” Credit Suisse director Tidjane Thiam recently added.
The ups and downs of bitcoin arouse the fear of a speculative runaway: at its launch, in February 2009, a bitcoin was worth only a few cents.
In September, China prohibited transactions with crypto currencies on the country’s platforms, stating that it wanted to combat “illegal activities” and contain potential risks to its financial system.
The Chinese decision momentarily destabilized the market, but the quotation quickly resumed its rise.
Its proponents claim that bitcoin offers a secure alternative to traditional currencies: the “chain of blocks” prevents counterfeiting transactions because to modify information it would have to be changed simultaneously among all users.
This feature is of great interest to the banking sector, where the “block chain” could open up new horizons, simplify the transactions of dematerialized securities and reduce costs.
The American CME, one of the largest stock traders in the world, announced at the end of October that it will offer derivative products that allow speculation with bitcoin.
On Wall Street, the Goldman Sachs business bank also plans to speculate for its clients, a source close to the entity told AFP in early October.
Also his rival JPMorgan Chase declared himself “very open” to cryptocurrencies “properly controlled and regulated”.