The price of the bitcoin grew to nearly $ 8,300 on Wednesday, according to Coinmarketcap.
It has not been this high since the end of May.
However the summer rally, the bitcoin price is far below the peak in December 2017, when the digital currency was worth just under $ 20,000. The market cap is 200 billion dollars away from the record levels.
According to CNBC, the upswing is due to a mood swap in the market.
Recently, it has been rumored that the US Financial Supervisory Authority is considering to allow exchange-traded funds to invest in cryptocurrencies, which, according to Reuters, supports the price.
In addition, Blackrock, the world’s largest asset manager, has set up a working group to assess the possibilities of bitcoin and blockchain technology.
To CNBC, Barry Silbert of the Digital Currency Groups says he is buying more digital currencies.
– As an “asset” it has come to stay. I am 100 percent convinced that decentralized, non-government-regulated money will remain, he said at the conference Delivering Alpha.
At the same event, billionaire and investor Howard Marks said the opposite.
– In the long run, this will prove to have no substance…