Bitcoin exceeds $ 30,000 for the first time in its history

At the end of October, the online payment giant Paypal launched a purchase line, selling in bitcoins, which further propelled this virtual currency.

The value of bitcoin, the first decentralized cryptocurrency, surpassed $ 30,000 for the first time in its history on Saturday.

At around 2:00 p.m., bitcoin was worth $ 31,502.77, according to data compiled by the Bloomberg agency. Bitcoin had crossed the threshold of $ 20,000 for the first time on December 16.

“The appetite for risk” in the face of this cryptocurrency “remains indomitable”, explained in an analysis note Timo Emden, director of Emden Research, who did not rule out “new historical records” in the short term.

At the end of October, the online payment giant Paypal launched a purchase line, selling in bitcoins, which further propelled this virtual currency.

Mutual funds, which for a long time were reluctant to face this randomly quoted currency, have changed their minds and have also increased speculation.

“Many private investors do not dare yet, they are waiting,” added Timo Enden.

JP Morgan analysts warn for their part that “the use of bitcoin by traditional investors has only just begun”, and even compare its rise to that of gold, the traditional safe-haven value.

Bitcoin is not tied to any asset or any national economy. It was created by an anonymous network in 2008, it is fully decentralized and consequently does not depend on any institution.

In return, its value undergoes dizzying ups and downs. It started in 2017 at a value of less than $ 1,000. Between November and December of that year, its price quadrupled. Throughout 2018, it fell again, reaching just over $ 3,000.