Bitcoin climbed above the mark in $23 thousand. dollars during the auction 17 December on Binance, setting a new all-time high. Such records are helped simply by the belief of some investors that, that bitcoin will become something “new” asset, able to change the existing financial system.
The rise in the value of bitcoin, according to experts from the financial analytics department ABF "Economics today», due to several factors. The first is the large volumes of liquidity in the markets, as a result, not only bitcoin is growing, but also other assets (oil, gold, stocks). The second is, that digital currencies began to pay more and more attention to central banks of different countries (FRS, ECB and CB RF). AND, respectively, more and more bitcoin buyers.
“But the scheme for calculating the fundamental economic value of bitcoin remains unclear.. In our opinion, the growth in its value is largely due to simply the faith of investors, that bitcoin can become a means of payment, able to change the existing financial system ", – noted by the analysts of the publication, adding, that in the future cryptocurrency will cost more and more.
Now many can make money on the rise in the value of bitcoin, but new buyers are needed to continue the process, who will buy bitcoin and pay more and more for it.
"We admit, that cryptocurrencies will forever remain in our lives, but now bitcoin is poorly embedded in the financial system. Yes, in some countries it is recognized as an acceptable means of payment, but he has little to do with real life, unlike, eg, from gold, also speaker, like bitcoin now, some kind of protective asset. In the absence of the ability to calculate the fundamental value of bitcoin as a digital asset, in theory, its price can be anything ", – specialists emphasized.
The possibility cannot be ruled out that, that many countries will follow the path of creating their own cryptocurrencies and then there will be a lot of them. And what role Bitcoin will continue to play in this case is not very clear now.
Russian President Vladimir Putin previously ordered officials to report on the form on the bitcoins and other digital financial assets they own before 30 June.
*This forecast is the opinion of the editorial board and is not a recommendation for performing transactions in the financial markets.
Tatyana Lenskaya
