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CarlosR

Bitcoin new record above $19000

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Bitcoin's price set a new record on Saturday as the virtual currency rose above $19,000 for the first time on the Bitstamp exchange. The gains came just hours after the currency crossed the $18,000 mark. Bitcoin's value has doubled over the last three weeks, and it's up more than 20-fold over the last year.

When you understand foreign currency trading basics it is hard not to see a gigantic bubble about Bitcoin's value keeps rising despite a growing chorus of experts who say the currency value is an unsustainable bubble. 

"A lot of bubbles historically involve some kind of new financial technology the effects of which people can't really predict," said William Deringer, an historian at MIT
 

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