Bitcoin at its highest level in two years

In addition to the stock markets, US bonds and the euro, the price of bitcoin is also responding positively to the nerve-racking course of the US presidential elections. The digital currency is currently trading just below $ 16,000, the highest level since January 2018. At the beginning of this week, bitcoin was trading just below $ 14,000.

The digital currency has a number of well-known investors such as Square (Jack Dorsey’s company) and the billionaire Paul Tudor Jones. Proponents point out that bitcoin can diversify the portfolio. Rob Sluymer, a technical analyst from Fundstrat Global Advisors, calls $ 20,000 the next level of resistance to Bloomberg.

At the end of 2017, bitcoin sped in full euphoria towards $ 20,000, after which the balloon burst and bitcoin fell below $ 5,000 by the end of 2018.

The price of bitcoin is not affected by the largest seizure ever by the US justice system. The US confiscated thousands of bitcoins with a market value above $ 1 billion this week. These are bitcoins that were stolen in the past from the now closed drug marketplace Silk Road.

The Belgian regulator FSMA has already warned several times about fraud with crypto coins. On the website it says a long list with suspicious websites. It comes down to those sites that people do not see their money back when they want to sell the bitcoins again.