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Bank of America announced a burst bubble bitcoin

According to researchers at Bank of America Merrill Lynch, bitcoin proved to be not only one of the largest bubbles, but it has already burst. Specialist for investment strategies Michael Hartnett recalled that the crypto currency has fallen significantly – by about 65%.

Highest point bitcoin reached December 17 last year – then for 1 BTC asked 19 783 dollars, and now the crypto currency is less than $ 7000. In this case, bitcoin has significantly risen in price over the past year, and it is premature to make final conclusions.

Crypto currency has become one of the most discussed topics of 2017. Regulators of many countries are trying to work out regulations on trade in crypto-currencies. Financiers have repeatedly warned of high risks when working with bitcoin and other tokens – the rate, as you can see, varies greatly.

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