29 November 2017

MARKET - Bitcoin Surges Higher

The speculation about factors driving Bitcoin value continues

Whether it is possible to know with confidence, the factors that are driving the value of Bitcoin at this point, seems unlikely. However, as a matter of support for conjecture that Bitcoin is not just a bubble are the announcements that derivatives and other financial products are being placed on the market by some of the largest trading organizations.

This morning Bitcoin value exceeded US$11,000. 

Chart of exchange rate values over time

In Canadian dollars a Bitcoin was valued at C$13,770.48 earlier this morning.

CNBC asked panelists to explain this meteoric rise in value

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