Newsflash: Bitcoin Price Breaks $15000, Hits Quarter Trillion Market Cap

Bitcoin Climbs To $12000

The digital currency quickly leaped further.

Bitcoin has broken another record, this time crossing the $12,000 mark, and shows no sign of slowing down yet. It reached $5,000 in October and crossed the $11,000 figure in less than two months. The current trading volume during this period is just over $9.7 billion and with a market cap of over $217 billion, Bitcoin is now worth more than 97% of S&P 500 companies, including Visa, Walmart, Coca Cola, Disney, and IBM. The extreme premiums underline the unprecedented demand and appetite for the decentralized currency that is resoundingly seen as a store of value for investors, beyond its utility as a currency. Indeed, in September this year, Jamie Dimon, the chief executive officer (CEO) of financial giant JPMorgan, grabbed the headlines after controversially describing bitcoin as a "fraud". United Kingdom and European Union leaders revealed plans this week to launch a crackdown on the Bitcoin amid fears tax evasion and money laundering.

"This is a toxic concept for investors", Roach told CNBC.

(NASDAQ:AAPL) is Gabalex Capital Management LLC's 9th Largest Position
Ontario - Canada-based Waratah Capital has invested 0.51% in Apple Inc. (AAPL) to generate earnings per share of $11.18 in 2017. The iPhone maker reported $2.10 earnings per share for the quarter, topping the Zacks' consensus estimate of $2.02 by $0.08.

He said: "This is a unsafe speculative bubble by any shadow or stretch of the imagination". Major exchanges, such as the Chicago Mercantile Exchange (CME) and Chicago Board Options Exchange (CBOE), outlined that they would introduce futures contracts in their exchanges.

The price of Bitcoin has been steadily increasing over the past several weeks, with industry experts saying that the trend is likely to continue in coming days. It would reach $40,000 by the end of 2018. Chinese authorities banned bitcoin trading and initial coin offerings earlier this year, while Indonesia approved a bill prohibiting bitcoin transactions from next year.

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