Bitcoin Crazy! Almost Translucent Rp. 800 Per Coin

JAKARTA - Bitcoin continues to soar higher, if last week this crypto currency touched the figure of 54 thousand dollars (around Rp.765 million) per coin. This time Bitcoin almost broke through the figure of 58,354 US dollars or Rp. 821 million per chip (exchange rate of Rp. 14,000 / US dollar).

Reporting to Reuters, this increase took a weekly income equivalent to 20 percent, and has increased about 100 percent this year.

Based on the Coin Metrics report, previously bitcoin was traded for around 54 thousand US dollars (equivalent to Rp.756 million) per coin on Friday. The crypto currency rose again to 55 thousand US dollars (Rp770 million). Over the past 6 months, bitcoin has skyrocketed by around 350 percent.

The digital money became even more classy after influential figures like Elon Musk praised and supported bitcoin. As a result, the value of bitcoin continues to skyrocket to a higher level. Coupled with a number of giant companies that are starting to open up and want to accept purchases of products in cryptocurrency.

Cryptocurrency can be used as a transaction tool. The actions taken by several figures and giant companies that accept a virtual financial system, are likely to influence other companies to make bitcoin a means of payment.

The decentralized Bitcoin has rocked a central bank-centric financial system. However, it is not yet known whether this bitcoin will decline as the experts predicted or it will skyrocket further to unknown levels.

Some time ago, an observer of Iranian-Jewish descent named Nouriel Roubini who is better known by the nickname Dr. Doom said that calling bitcoin a cryptocurrency is not correct. He also added that bitcoin cannot be used as a transaction tool. Analysts predict bitcoin will decline, which is the opposite.