Is the bubble about to burst for Bitcoin? | Inside Story

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Al Jazeera English published this video item, entitled “Is the bubble about to burst for Bitcoin? | Inside Story” – below is their description.

Bitcoin, has lost half its value in just a few hours.

It reached an all-time high of more than 65,000 dollars last year.

But on Friday it dropped below 35,000 dollars.

Some of the biggest names in the blockchain have been trading in the red.

Some blame Russia’s Central Bank which proposed on Friday a ban on the trade and mining of cryptocurrencies.

A ban by China last September had a similar effect.

But a U.S. Federal Reserve decision to hike interest rates was already having an impact before the Russian announcement.

What does that say about the global economy?

Presenter: Hashem Ahelbarra

Guests

Naeem Aslam, Chief market analyst at AvaTrade

Zennon Kapron, Director of Kapronasia and Author of ‘Chomping at the Bitcoin: Past Present and Future, Bitcoin in China’

Brian Lucey, Professor of International Finance and Commodities at Trinity Business School

– Follow us on Twitter: https://twitter.com/AJEnglish/

– Find us on Facebook: https://www.facebook.com/aljazeera/

– Check our website: https://www.aljazeera.com/

#Bitcoin

Al Jazeera English YouTube Channel

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About This Source - Al Jazeera English

The video item below is a piece of English language content from Al Jazeera. Al Jazeera is a Qatari state-funded broadcaster based in Doha, Qatar, owned by the Al Jazeera Media Network.

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