Bitcoin tops record US$19,000 on Thursday, falls sharply, rising again


Bitcoin continues its wild ride,… rocketing
past 19-thousand U.S. dollars for the first
time on Thursday before falling sharply to
around 15 thousand dollars… and it’s currently
back on an upswing.
The price fluctuations come just days before
the upcoming launch of the first bitcoin futures
contract, which is fueling investor interest.
Bitcoin began the year below one-thousand
dollars and has surged more than fifteen-fold
in value so far.
Proponents say Bitcoin is a good medium of
exchange and a way to store value that’s not
subject to central bank manipulation.
But critics warn that the price run-up is
a bubble that has been driven mostly by speculation,
leaving Bitcoin vulnerable to a sharp reversal.

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