According to Reuters, the price of the virtual currency rose 2.5% on Monday on the platform Bitstamp to 1022 dollars, its highest level since December 2013.
On the year that has just ended, the value of bitcoin has more than doubled in value against the dollar, the euro and the chinese yuan. Boursier.com speaks of it as “the best performance among world currencies” and “the financial asset, the most powerful of the year 2016, all classes (currencies, equity indices and bond markets, gold, commodities, etc)”.
Volatile
This “crypto-currency” -which only worth a few cents during its launch in 2009, is since its inception to be extremely volatile, even if it tends to stabilize for the past two years. The variations in the price can reach 20% in a very limited amount of time.
at the End of 2013, its value had been increased tenfold in two months to reach 1100 dollars but, in February 2014, the main platform for the exchange of bitcoins MtGox had declared bankruptcy after a hack.
>> Read: The price of bitcoin dives in MtGox, whose website has disappeared
The thousands of users who had invested their money lost everything, and the price of bitcoin was then plunged under the 400 dollars in a few weeks.
a safe haven for the Chinese and the Indians
Despite his rates are extremely volatile, bitcoin has become a safe haven for investors chinese and indian, according to some experts.
chinese demand for bitcoin has increased significantly in 2016 in the face of the fall in the price of the yuan, which has lost nearly 7% of its value in the past year.
For their part the Indians are beginning to see advantages to the digital currency, since their government has decided to démonétiser suddenly the notes of 500 and 1000 rupees, leading to a fall in the price of the rupee and loss of confidence in the currency of india.
>> Read: In India, a démonétisation brutal and an economy that is limping along
ptur
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