Bitcoin 'Boom' reaches a new record

By Elliot Bullman

The digital currency reached another record last Friday. The speculative frenzy has helped the currency´s value triple this year.

If you are a fan of Friedrich Nietzsche or Kelly Clarkson, the famous saying "what does not kill you makes you stronger" certainly applies to bitcoin.

bitcoin2

The digital currency reached another record this Friday after enduring a split last week that threatened to jeopardize its growing acceptance as an alternative medium of exchange and its legitimacy as an asset.

The speculative frenzy that has helped it more than triple this year, to $ 3,560.55 has almost made it a household name, linking the cryptonet to everything from Game of Thrones to the price of avocados.

bitcoin1

And it is true that the digital currency has already become so common, that even the film industry and TV has been involved in some way. Hackers have requested payment in bitcoins for the rescue of material subtracted from successful series like Orange Is the New Black.

While hotly debated whether bitcoin is just a bubble, the currency has risen more than 25 percent in the last week. That led to another heated debate over whether it will eventually reach $ 5,000 and investors are reflecting on a lesser-known quote from the nineteenth-century German philosopher: "There are no facts, only interpretations."

RELATED NEWS

  • Trump backs down and signs executive order to Trump backs down and signs executive order to 'keep families together'
  • Despite uncertainty about the election, Mexico continues to attract investmentsDespite uncertainty about the election, Mexico continues to attract investments
  • On Saturday, repaving works start in Cancun’s hotel zoneOn Saturday, repaving works start in Cancun’s hotel zone
  • Mexican entrepreneurship project receives award in FranceMexican entrepreneurship project receives award in France
  • MexicoMexico's foreign minister and business leaders express outrage over ‘inhumane’ US immigration policy
  • The Dow Jones industrial average turned negative as global trade war fears mountThe Dow Jones industrial average turned negative as global trade war fears mount
  • Canada legalizes recreational cannabis useCanada legalizes recreational cannabis use
  • EU to retaliate against US with counter-tariffs on FridayEU to retaliate against US with counter-tariffs on Friday
  • Mexican national team football shirt is best  seller in the United StatesMexican national team football shirt is best seller in the United States
  • Scorpion catching is a dangerous trade that allows Durango’s locals to survive.Scorpion catching is a dangerous trade that allows Durango’s locals to survive.
  • Rafael Márquez , is only the third player in history to achieve the feat of playing in 5 world cupsRafael Márquez , is only the third player in history to achieve the feat of playing in 5 world cups
  • It’s not just in football that Mexico is superior to GermanyIt’s not just in football that Mexico is superior to Germany
WATCH LIVE TV



Most Read Articles
Most Watched Videos
  • Generations Riviera Maya
  • Mayair

Language

Mexico News Network
All rights Reserved 2018