The Bitcoin frency continues to spread throughout the world. The meteoric rise shows no signs of stopping.
The crypto-currency has soared to another record high just slightly below 10,000 dollars, after gaining more than a fifth in value over the past three days alone.
The digital currency has seen an eye-watering tenfold increase in its value since the start of 2017 has more than doubled in value since the beginning of October.
Bitcoin’s price has been helped in recent months by the announcement that the world’s biggest derivatives exchange operator CME Group would start offering bitcoin futures.
The company said last week the futures would launch by the end of 2017 although no precise date had been set. Central bankers, though, say the success of bitcoin and other crypto-currencies is just a bubble.
However, it could still be a cause for concern because private currencies threaten their control of the banking system and money supply, which could undermine the monetary policies they use to manage inflation.
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