Bitcoin reaches 40,000 dollars

Bitcoin, the most popular cryptographic currency, has been booming since December. In just three weeks, its value has doubled to a new record of $40,000.

The value of Bitcoin reached a new record this week. The cryptomony at the rather volatile rate has crossed the symbolic bar of 40,000 dollars, or more than 32,600 euros. This new value represents an unprecedented leap, as Bitcoin passed the 30,000 dollar mark, or 24,500 euros, just one week earlier.

Bitcoin is a decentralized virtual currency launched in 2009, which was worth only $0.001 at that time. Since then, the value has risen and the currency has been in great demand in recent weeks. Today the total value of Bitcoin exceeds 600 billion euros. However, the currency had had a chaotic start to the year, falling below 4,000 dollars (3,260 euros) in March with the health crisis.

A value that doubled in three weeks

Bitcoin's previous peak was $19,891 (16,586 euros at the time) in December 2017. However, the price of the cryptographic currency then dropped dramatically to only 3,215 dollars (2,775 euros) a year later and only regained its previous value in December 2020, crossing the 20,000 dollar mark for the first time on December 16.

However, in spite of this surge, specialists are calling for caution. According to Alex Mashinsky, CEO of Celsius Network, a cryptomoney lending company, the value of Bitcoin could fall back to $16,000 (13,000 euros) by the end of the first quarter. But, by then, the best-known cryptographic currency may well break a few more records.

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