The record is from April 14th. At that time, a Bitcoin cost almost $ 65,000. Then came the dive. The value halved. Billions vanished into thin air.
The course has been climbing again since then. Sometimes there are setbacks. But Bitcoin – and many other cryptocurrencies – are back on record. It currently costs just under 60,000 US dollars. Alone in the night to this Friday the Bitcoin has a whopping $ 3,000. Until the record high in April, only $ 5,000 is missing.
The latest price jump is based on a message from the USA. One According to a report by the Bloomberg news agency the US Securities and Exchange Commission could approve Bitcoin ETFs in the US for the first time. With his statements on the open applications, SEC chairman Gary Gensler raised hopes that up to four Bitcoin ETFs could start trading on Wall Street in October.
From the zero number to the rocket
Meanwhile, analysts outdo each other with growth fantasies. An investment remains risky. Bitcoin has recently come under pressure due to regulatory concerns in China.
The political leadership in Beijing is critical of digital currencies. The Chinese central bank had emphasized that trading in crypto values was illegal. China has long been striving for its own state-controlled digital currency.
In the wake of Bitcoin, the prices of other crypto currencies are also exploding. Speculators are often behind this. They hope for the big money and that a coin like Bitcoin or Ether will develop – from zero to rocket. A stake of 1,000 francs easily becomes 100,000 francs. Or even a million francs.
Betting makes millionaires
Take Ether, for example: The Ethereum coin was bobbing around at $ 10 until 2017. In the spring of 2021, it was worth $ 4,400. An amazing development that turned hundreds into multimillionaires around the world. Anyone who gambled with $ 3,000 in 2017 had over $ 1 million four years later without lifting a finger!
The problem: Many new coins fail. It is estimated that almost 1,700 cryptocurrencies have already failed. How many of the currently around 12,000 cryptocurrencies will remain in place in the long term – and how many of them will actually increase in value – no one can predict.
If you want to gamble, you should therefore stick to an old saying: Don’t put all your eggs in one basket. (ise)