Bitcoin once again breaks its own record by a historical mark of $7000
By Mah Jabeen
Bitcoin has crossed the record and reached $7174, sets a new all time highest record.
Market Insider reported, this is a surprising boost, as the Security and Exchange Commission (SEC) already warned investors about celebrity endorsement for particular cyrptocurrency- based fundraising efforts.
With the new increase rate, Boitcoin is estimated to have reached 600% boost in 2017, as the initial price during the beginning of the year was $1000. People who invested in the beginning of the year has earned a lot more.
And this raise is the outcome of the announcement made by CMR Group, it is a leading market place for derivatives which is holding 3 billion contracts worth around $1 quadrillion annually, and is all set to roll out bitcoin features by the ed of the year
Bitcoin future will now be allowing investors to bet on the future price of bitcoin without holding the coin.
Whenever there is a political and business leaders around the world talk about the impact of cryptocurrency as an alternative for conventional trade it is always expected in the increase in the price of the Bitcoin
SEC share a dfferent point of view regarding celebrities statement
“It is never a good idea to make an investment decision just because someone famous says a product or service is a good investment.”
The latest price of bitcoin is $7188 which will be roughly 750,000 PKR. Nowadays lots of people in Pakistan also interested to invest in Bitcoin and other crptocurrencies. Feedswallet keeps its users updates with Bitcoin prices in Pakistan.
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