Buoyant bitcoin stirs crypto-bubble fears


Digital gold: The price of a single bitcoin hit an all-time high of above US3,500 this week, dragging up the value of hundreds of newer, smaller digital rivals in its wake.

LONDON: Bitcoin and other “cryptocurrencies” are big money, virtually as big as Goldman Sachs and Royal Bank of Scotland combined.

The price of a single bitcoin hit an all-time high of above US$3,500 this week, dragging up the value of hundreds of newer, smaller digital rivals in its wake. Now some investors fear a giant crypto bubble may be about to burst.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , BitCoin , crytoCurrency , markets ,

Next In Business News

FBM KLCI drifts lower as traders await catalysts
Berkshire Hathaway raises new CEO Abel's salary to US$25mil
Trading ideas: Capital A, AAX, AME REIT, IGB, IWCity, HSS Engineers, Master Tec, SCIB, ES Sunlogy, ICT Zone, Vanzo, Paragon Union, Destini, Mega Fortis, Semico
Oil falls as investors weigh supply outlook, Venezuela uncertainties
Chip stocks jump on AI optimism, Dow ends at record high
Land sales to brighten SD Guthrie prospects
Vietnam’s garment, textile sectors make inroads into Canada
Master Tec’s TNB job value at RM142mil
Car sales expected to moderate this year
ES Sunlogy secures RM15mil job

Others Also Read