Bitcoin for $11 000. Is it possible to earn more on the crypto currency

On November 29, the bitkoin exchange rate exceeded $ 11,000. How long will the crypto-currencies grow and what are the earnings strategies in this market?

The rate of the most popular crypto currency bitcoin has only increased by 71.8% since the beginning of the month and exceeded $ 11,000. As of 14.10 Moscow time on Wednesday, November 29, the cost of bitcoin fluctuates around $ 11 034. The day before, she overcame the psychological level of $ 10,000.

Since January 2017, the price of one coin of these electronic money has increased more than 11 times. And the capitalization of all kriptornka during the same period increased 18-fold - up to $ 334.2 billion. What will happen next and is it worth trying to make money on the hype now? These issues were discussed by the participants of the cryptoconference in Technopark Skolkovo, which took place the day before.

The Future of Bitcoin

The daily trading volume of bitcoin is only $ 5 billion. With such turnover, it is very easy to manipulate the price, Dmitry Vasiliev, the manager for working with partners of crypto-exchanges WEX.nz, told a cryptoconference in Skolkovo. This, in part, can explain the colossal growth in the value of the asset in recent times.

However, support for bitcoin is of great interest from investors. "Because of the popularity of the currency, she needs everything. You can transfer money from the country for a commission of 1-2%. Now all the transfers of large amounts are more convenient to make through the Crypto currency, "- says Vasiliev. Demand for crypto currency in conditions of its limited (issuance of bitcoins does not exceed 21 million coins) will allow the digital asset to reach new levels - $ 15-20,000 by the end of the year.

"But sooner or later this bubble will be blown off - other currencies will appear, rules of market regulation will be formed," the expert warns.

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