Bitcoin becomes more attractive than gold, hits $5000 mark, invest with caution, say experts


The value of cryptocurrency has increased more than 8% within a year which was trading at $966 early this year and now has crossed $5000.

Crypro currencies have become the new money making agent for large number money managers who have put their trust behind it's growth.

Bitcoin’s rival ethereum rose 1.93 percent to $307

However, it is felt that, investing in bitcoin could be risky because of confusion and no regulatory laws governing the control over the format.

China has shut down the Bitcoin exchanges and banned trading in any such form of uncontrolled currency system.

“Recent criticism from industry and regulation crackdowns in China and Russia spooked markets in recent weeks and caused the bitcoin price to plummet. So we expect some investors to be surprised by bitcoin bouncing back,” said Iqbal Gandham, managing director at broker eToro UK, in a note on Thursday.

Russian Prime Minister Vladmir Putin has also expressed concerns about the risks involved in trading in Bitcoin and Etherium.

Read More from TopStorees:










Comments

More from Political Space

Demonetised notes still being being found stashed with people. Police seizes 1.5 crore worth of old 500 and 1000 notes. Yuvraj Singh and his family has been charged in domestic violence case filed by his sister-in-law Here is how India prepares to bypass Supreme court's ban on sale of fire crackers in NCR. Policemne ready to provide patronage to shopkeepers. Two Suspended in the same case. Korea has hired hackers from India says media reports Sanjay Dutt's biopic's new poster has been released. Here is the new look This is the one question we are still asking but can not find a proper answer. Have you seen Najeeb somewhere? 3 People injured in an heart wrenching accident. ANI reported the news.

More News

Did anyone notice or found mention anywhere that J&K felt low intensity earthquake this morning at around 6:30 am. The police has realesed probable sketch of the Gaurio Lankesh killer sust=pected to be involved in her murder. This is the most disgusting pictures coming from one of the most learned states of the country. Bihar has always lead country to greatness but when we such pictures we surely want to hide our face in shame. The Bihar school asked question which kept Kashmir as a separate nation. The opposition was quick to pick up the issue and bring it to the notice of the general public and blamed it on the mismanagement of ruling party especially on the inefficiency of Nitisk Kumar, CM, Bihar. Dera Sacha Sauda chairperson Vipassana Insan reaches Panchkula police station, she will be questioned along with Honeypreet The sad news of "Amrapali" director Lekh Tandon passing away came in just now. All his fans must be saddened to hear on the demise of the great creator. Big on Hosting. Unlimited Space & Unlimited Bandwidth

International Tweets

Nuclear war may break out any moment: Says North Korea Will you agree to what the survey has to say?