Bitcoin approaches record status despite all the critics of big boys on Wall Street

Bitcoin approaches record status despite all the critics of big boys on Wall Street


Photo: MI
Bitcoin is getting closer to the highest position of all time.

The price of the raging popular cryptomax rose by more than 4 percent to over $ 4,800 on Monday, less than $ 200 from the $ 4,983 record record.

At the beginning of September, bitcoin almost broke the $ 5,000 limit, but saw the price decline again after the news that China wants to crypto coins and the uncertainty about so-called initial coin offerings, a way to raise money with crypto coins. After a $ 2,900 lowdown on September 15, the bitcoin has risen sharply, despite increasing criticism of some of the major players on Wall Street.

That started on September 12, when JPMorgan CEO Jamie Dimon called "fraud" bitcoin and said it was "even worse than the tulip bubble" in the 17th century.

And in an interview with Bloomberg News, BlackRock's biggest investor, Larry Fink, said recently that the explosive growth of bitcoin points to criminal behavior.

"It only shows how much money is being washed in the world," says Fink. "How many people want to move money from one place to another."

Kenneth Rogoff, former IMF chief economist, said Monday that "long-term technology will survive, but the price of bitcoin will collapse."

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