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After several attempts, the digital currency Bitcoin failed to break its three-year record.
The oldest and most famous cryptocurrency even crashed on Thursday. After being worth around $ 19,400 on Wednesday, it fell to $ 17,253 on Thursday.
Most recently, a Bitcoin on the Bitstamp trading platform cost just under $ 17,290. Other digital currencies, of which there are thousands, also lost value on Thursday. Bitcoin’s record is $ 19,666 on Bitstamp. It was achieved at the end of 2017.
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The recent price drop is likely to trigger discussions about how sustainable Bitcoin’s recent price surge is. Optimists had argued that the digital currency’s reputation had improved in recent months. For example, the PayPal payment service plan was named to allow its customers to pay in Bitcoin and other cryptocurrencies. One argument was that professional investors would have been more interested in Bitcoin and Co.
For critics, on the other hand, the fall in the exchange rate is just a confirmation of their skeptical attitude towards Internet currencies. He has always argued that high price fluctuations hinder use as a means of payment and investment. Therefore, they consider digital currencies to be purely an object of speculation.
FRANKFURT (international awp)
