He's done it again: After a brief interim low, the Bitcoin price climbed to a new record high on Thursday.
The virtual currency on the Bitstamp exchange cost more than $ 37,000.
The latest high on Sunday is history again.
Perhaps you are like me: For years I have been following the headlines about the breathtaking price gains of Bitcoin with a mixture of horror and fascination, but join in?
Under no circumstance!
After all, the whole Bitcoin story not only seems complicated, but also quite windy.
It is not just the capricious exchange rates that make Bitcoin the filthy child among investment forms.
Who would invest in a currency that blackmailers and drug dealers prefer?
That is advertised by rappers who incite their fans to buy Bitcoins?
And where millions of euros of currency are disappearing with breathtaking regularity?
On the other hand: In the US, PayPal customers can buy Bitcoin through their normal user accounts.
Institutional investors have long been investing in crypto currencies such as Bitcoin.
The analysts of the American bank JP Morgan Chase write in a recent analysis that professional investors are increasingly seeing Bitcoin as an alternative to gold.
According to the analysts, the price could climb to $ 146,000 in the long term.
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