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ADD 500 usd every day to your bitcoin account for free!! No survey: No password! Instant download! Bitcoin rocketed to a lifetime high well above $16,000 on Thursday after climbing some 67 percent over one week, intensifying the debate about whether the cryptocurrency is in a bubble about to burst.

He put the odds at 70% and then took things a step further to clarify that he saw himself living on the planet, not just visiting. Admin has locked editing for mac users word. That said, Musk acknowledges that being one of the first to visit and inhabits the planet won’t be easy.

But critics say that the price run-up is a bubble that has been driven mostly by speculation, leaving bitcoin vulnerable to a sharp reversal. JPMorgan Chase & Co Chief Executive Jamie Dimon famously called bitcoin a fraud in September. 'Bitcoin remains a major gamble as it is very much an asset that remains in uncharted waters, we've simply not experienced this before,' said Nigel Green, founder and chief executive of deVere Group. 'Also, an asset that goes almost vertically up should typically raise alarm bells for investors,' he added. The world's biggest cryptocurrency has surged fifteen-fold in value so far this year. The latest move brought its so-called market cap, its price multiplied by the number of bitcoins in circulation, to nearly $280 billion, according to Coinmarketcap, a trade website. By comparison, the market value of Wal-Mart Stores Inc is around $288 billion.

Cryptocurrency exchange struggled to keep up with record traffic as the price surged, with an upcoming launch of the first bitcoin futures contract further fueling investor interest. Proponents say bitcoin is a good medium of exchange and a way to store value, much like a precious metal.

More About Bitcoin Why Should You Get Involved With Bitcoin? 1. Bitcoin has become a global phenomenon in the short time it has been around. 2. Bitcoin is an alternative investment which offers exponential returns; It has a distinct advantage over other markets, that being it’s a 24/7 marketplace liquidity. 3. By getting involved with Bitcoin you’re joining an ever growing ecosystem. What is Mining? Mining, or processing, keep the Bitcoin process secure by chronologically adding new transactions and / or blocks to the chain and keeping them in the queue.