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Bubble watch – Bitcoin more Google searched than Trump, KK and North Korea combined

Published: 08:28 01 Dec 2017 EST

bitcoin
Bitcoin was also approved for futures trading in the US

After a record breaking run this past week Bitcoin remained very much in demand on Friday with the cryptocurrency still above the US$10,000 marker, priced at US$10,273.

The spotlight is such that, in Google, Bitcoin has out-trended Donald Trump, Kim Kardashian and North Korea combined.

Friday also brought Bitcoin to another milestone in its maturity, as US financial derivative regulators approved proposals for trading in Bitcoin futures – the CME and CBOE are expected carry contracts.

Commentary and sniping from high profile bankers such as Lloyd Blankfein, Goldman Sachs chief executive, who in his most recent soundbite said that the high level of volatility means the cryptocurrency isn’t suitable for the investment bank to be involved with.

Moving 20% on a daily basis “doesn't feel like a currency, doesn't feel like a store of value," the Goldman boss said.

Unlike JP Morgan rival Jamie Dimon, however, Balkfein apparently remains open to Bitcoin and cryprocurrencies in the future.

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