The last time we reported on Bitcoin, we mentioned that since the initial expectations of investors that the cryptocurrency might reach $10,000 were met in November, their revised prognosis for the end of the year was passing the level of $12,000. Even though December just began, this has already been achieved - Bitcoin surged above $12,000 earlier today.
The new upward push for Bitcoin came after we learned that in the United States regulation will allow Bitcoin futures will be officially allowed to be traded by CME and CBOE. This is another step towards regulating cryptocurrencies as another kind of securities, bringing acceptance levels towards the novelty trading tool up.
Nevertheless, some economists have doubts regarding the real value of Bitcoin, which by its nature is not tied to the value of anything else, not like currencies or commodities are. Some have suggested that a bubble is being built around Bitcoin, the bursting of which could happen at any time. Still, the increasing regulation for the cryptocurrency should have the effect of calming these fears in the future.
