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Despite being attacked from all sides , Bitcoin is up 607% this year, and 2017 is not even over yet! Look at some of the main attacks that Bitcoin had to postpone this year:
The Bitcoin bubble has several times
Yes Bitcoin has crashed several times this year, more than 30 % in January, July and September. But the currency has come back stronger each time. He is currently roaring at $ 7,000. One might think that more traditional journalists would step back and wonder why this cryptocurrency is coming back stronger and stronger each time it is attacked. But you would be wrong – most traditional journalists are suffering from a serious case of confirmation bias. This means that they reject any information or data that does not support what they already believe, namely, that Bitcoin is a bubble, end of the discussion.
Whenever the Bitcoin bubble burst, Bitcoin showed its resilience, not only is it robust, but in reality it draws strength from disorder and instability, which has led to number of people to qualify the currency of "antifragile".
More the status quo beats Bitcoin, louder It will happen, because people realize that no one has the power d & # 39; Stop Bitcoin.You're not going that far after Bitcoin if you do not believe that it has the power to disrupt entire sectors of the economy.
are thousands of Bitcoin Core nodes around the world, all you need is a n ode to survive for Bitcoin to stay alive. stars line up for Bitcoin
The World's Largest Exchange of Options – CME Group – announced this week that it will start listing Bitcoin futures before the end of the year. This first step will pave the way for financial products such as ETFs that will open the market to retail investors.
The "Bitcoinisation" of some economies has also begun. One of the only ways to send money to Venezuela is currently Bitcoin, while in Zimbabwe, Bitcoin is trading at more than $ 10,000 as the country goes through a deep currency crisis . Bitcoin quickly becomes the refuge of the 21st century. You can take money in and out of any country in seconds, totally ignoring capital controls. No other asset allows you to do it.
Of course, Bitcoin will cross many other ups and downs, the road will be bumpy and the result is uncertain, but one thing is certain: it's going to be a hell of a trip!
Bio
Vincent Launay is a finance specialist at the World Bank in Washington DC. He holds a masters degree in finance from HEC Paris and a CFA charter. The opinions and interpretations of this article are his own and do not necessarily represent the views of the World Bank or Cointelegraph.