More than a week has passed since Bitcoin first crossed the round mark of $6000. On Sunday evening, Bitcoin set another record - $6,306. After that, the value of the cryptocurrency was down a bit, and at the time of writing the rate was at around $6,117. Since the beginning of the year, Bitcoin has shown a growth of 530% against the US dollar.
It seems that investors have already recovered from the negative sentiment last week. On October 24, a new cryptocurrency named Bitcoin Gold (BTG) was created as a result of a hard fork. This is not the first case of Bitcoin split: at the beginning of August, Bitcoin Cash (BCH) appeared in this way, and now it is the fourth cryptocurrency in terms of capitalization (about $ 5.5 billion).
It is worth noting that, together with Bitcoin, most cryptocoins showed growth. On Sunday, the cost of Bitcoin Cash grew by more than 20%, and the cost of Ethereum exceeded the mark of $300.
Bitcoin continues to attract investors from around the world thanks to impressive opportunities for profiting. So, the well-known Wall Street trader Bill Miller placed 30% of his assets in Bitcoin, thanks to which the Miller Foundation recorded a profit of 70% for the current year.
According to Miller, Bitcoin only takes 1% in his personal portfolio because authorities such as JPMorgan's chief executive James Dimon and one of the world's richest men Warren Buffett call the crypto currency a giant bubble.
“It seems to me that until now there is a possibility that Bitcoin will be collapse to zero at any moment, however each day this scenario becomes less real. The more investment money flows into digital money and people get acquainted with Bitcoin, the clearer is its future,” Miller said.
After China’s ban on initial coin offerings (ICOs), Japan continues to increase the turnover of the cryptocurrency market. Nevertheless, investors are still worried about the future of Bitcoin and its counterparts because of the precarious position of central banks of some countries in relation to cryptocurrencies. Thus, last week the Central Bank of Indonesia refused to recognize Bitcoin as a means of payment, while the crypto exchanges in the country will stop working on November 1.