Bitcoin cost smashes through $6,300 to hit another record high

This kind of’s been an eventful year for cryptocurrencies in general, with bitcoin garnering the most attention through commentators as well as regulators across the globe.

JPMorgan Chase CEO Jamie Dimon called bitcoin a “fraud”, while billionaire Peter Thiel said people are “underestimating” the cryptocurrency, saying This kind of has “great potential.”

Meanwhile, China banned cryptocurrency exchanges in September, while various other regulators, such as those in Japan, have been more welcoming of developments from the space. There is actually, however, speculation in which China could reverse its ban.

Cryptocurrencies in general are getting more attention through governments as well as large organizations. Goldman Sachs recently said in which This kind of is actually considering the launch of a fresh trading operation focused on bitcoin as well as various other digital currencies. The Monetary Authority of Singapore (MAS), is actually looking into launching its own digital currency, with the trial anticipated to conclude next year.