Bitcoin mania: Join the rush or beware the bubble?
When the Wall Street Journal’s headline reads Bitcoin: Even Grandma Wants In On The Action you can’t ignore it.
Bitcoin’s price swings have been prompting volatility-starved investors to join the biggest speculative boom since the 1990s dotcom fever.
Just six minutes into Bitcoin futures trading, the contract expiring in January which opened at $15,000 rose to $16,600. Trading on Monday morning (December 11th) in London the contract was changing hands at $17,500. Bitcoin itself was at $16,635.05 according to CoinDesk. Right now there is no hotter ticket having started 2017 at $968.23.
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