Here Are the Big Names Who Are Backing and Slamming Bitcoin
- Credit Suisse’s Thiam says currency fits bubble definition
- The cryptocurrency has Goldman’s Blankfein on the fence
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Is bitcoin a legitimate asset, or a super-bubble waiting to implode? As prices for the cryptocurrency skyrocket, investors and pundits are increasingly taking sides.
Whether you’re a backer or a detractor, what’s not in doubt is bitcoin’s dizzying rally this year. The most widely used digital currency crossed the $7,000 mark on Thursday and is up more than 650 percent in 2017. It’s managed to whip past the $100 billion total value mark despite governmental crackdowns and mainstream market skepticism. Bitcoin was trading at $7,218 at 9:37 a.m. New York time on Friday.