Popularity And Bitcoin Prices Are Skyrocketing

Pamor digital currency bitcoin uphill.Bitcoin prices again set a record high on Thursday (11/5), which reached US $ 1,820.84.However, last night, bitcoin prices fell below US $ 1,800.

From the end of 2016, bitcoin prices have climbed 91.26% .In fact, during May 2017 alone, bitcoin prices jumped 39.54% .Dus, bitcoin market capitalization grew.In this week, bitcoin market cap increased US $ 3 billion US $ 29.53 billion or nearly Rp 400 trillion.

The strengthening of bitcoin prices occurs as some countries begin to recognize this virtual currency. Japan, for example, as of April 1, 2017 authorizes bitcoin as a means of payment. The Japanese policy is hoisting bitcoin prices as demand increases. "More than 50% of the trading volume of bitcoin is in denomination yen, "said Brian Kelly, Chief Executive Officer of BKCM as quoted by CNBC, yesterday.

Russia is also trying to set the digital currency. Australia's Central Bank will also open the opportunity of virtual currency as a means of payment.

Meanwhile, the United States (US) proposes to create a trading on the exchange that allows institutional investors into bitcoin.