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在线翻译:
szdaily -> World Economy -> 
Bitcoin hits new high as warnings grow louder
    2017-12-18  08:53    Shenzhen Daily

BITCOIN blasted to another all-time high of almost US$18,000 on the Bitstamp exchange Friday, up 9 percent on the day, as warnings grew over the risks of investing in the highly volatile and speculative instrument.

The cryptocurrency’s staggering recent price rises — more than 1,700 percent since the start of the year — have driven worries that the market is a bubble that could burst in a spectacular fashion.

Bitcoin has climbed almost 80 percent so far in December alone, putting it on track for its best month in percentage terms since December 2013.

While bitcoin has added another fifth to its value since Dec. 11, trading has been slightly calmer than the wild price swings the market has seen in recent weeks.

Outside of the crypto market, worries continue to grow about the amount of money piling into the space.

A study by Anglia Ruskin University, Trinity College Dublin and Dublin City University released Friday said bitcoin could pose a threat to the financial stability of traditional currencies and markets.

“Our evidence finds that the price of bitcoin has been artificially inflated by speculative investment, putting it in a bubble,” said Larisa Yarovaya, one of the report’s authors.

“Although bitcoin is not regulated by governments, it could still have a knock-on effect on traditional markets due to the interconnectedness of cryptocurrency markets with other financial assets.”

Others, however, say bitcoin’s total market size — around US$300 billion — mean the impact of any future price collapse would not be large enough to have a knock-on effect on financial stability.(SD-Agencies)

 

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