Bitcoin hit a high of $19,757 before dropping by more than $1,000 yesterday
Bitcoin has almost doubled its price in just three weeks – prompting further warnings from experts of a dangerous bubble.
The online crypto-currency hit a high of $19,757 before dropping by more than $1,000 yesterday.
CME Group became the second US exchange to take bets on the future price of bitcoin, in a major boost for its credibility.
Traders gambled on around 5,000 units of the currency at CME yesterday, with a value of around £69.1million.
But seasoned market followers and watchdogs continue to have major concerns about the volatile investment, saying punters are putting their life’s savings at risk.
France has called for the G20 group of major economies to discuss bitcoin regulation at next year’s summit in April.
And Lars Rohde, governor of the National Bank of Denmark, said: ‘You have to stay away from bitcoin. It is dangerous.’
Sopnendu Mohanty, of Singapore’s monetary authority, said: ‘Bitcoin has no natural intrinsic value.’