It\u2019s digital and is seen as an alternative. I guess you know what I\u2019m talking about: Bitcoin!<\/p>\n
Created through a complex computer process, Bitcoin is monitored by a network of computers all across the world.<\/p>\n
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Lately, Bitcoin has seen a crazy rise. In just the last 48 hours, it smashed through the $12,000 mark, then $15,000<\/a> and past $16,000.<\/p>\n Bitcoin is even breaking its own record, leading the cryptocurrency market to pass $400 billion. According to CoinMarketCap.com, Bitcoin represents 63% of the entire market and, just 10 days ago, the market surpassed $300 billion.<\/p>\n So, is it good thing to invest in Bitcoin?<\/p>\n Stefan Ingves, chairman of global regulator the Basel Committee and governor of Sweden’s Riksbank, said that investing in Bitcoin, or any other similar instrument, is a \u201cdangerous\u201d prospect as it lacks support from central banks and international regulators.<\/p>\n He even compared it to what happened in the past with tulip mania: “If you look at what has happened in the past when it comes to reaching those type of heights, be it tulip bulbs or a bunch of other things over the centuries, the odds are against those who actually think that this is going to be the future.”<\/p>\n Ingves is not the only one to compare the Bitcoin craze to the tulip mania<\/a> that occurred almost 400 years ago.<\/p>\n On the other hand, Bitcoin has gained legitimacy<\/a> from the CME and the CBOE, Chicago\u2019s two largest derivatives exchanges<\/u><\/a>.<\/p>\n Will Bitcoin\u2019s value continue its rise?<\/p>\n Follow eXo Platform’s board Cartoon of the Week on Pinterest.<\/a>