James Trescothick

With more than 20 years of experience in financial service industry, James is our Senior Global Strategist and the co-producer and presenter of easyMarkets educational videos. When he is not working on educational programs or preparing webinars, you can find him with the easyMarkets team giving seminars around the world.

Seven days ago the bell of the ball which is bitcoin passed the $6,000 level for the first time in its existence.  Always wanting to impress, over the weekend bitcoin did it again and set a new all-time high of $6,306.81.   With it setting a new record the price of bitcoin is now up by more than 500% this year.

 

Having now fallen back slightly at the time of writing it is still trading around $6,149 per coin.

 

Bitcoins express train of success this year can be underlined by the surge in interest with Google Trends showing searches for information on the famous cryptocurrency is also at all-time highs.

 

However, despite bitcoins incredible bull run this year, it is not without its many detractors including the likes of legendary investor Warren Buffett who is one of many voices calling it a bubble simply waiting to happen.

Whatever the future has in store for the alt-coin, there is no doubt it will continue to be in the headlines and capture the imagination of the markets.

 

 

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