Top bankers desperate for the Bitcoin boom

The Bitcoin price is exploding and dividing the banks. While the Deutsche Bank warns of the cryptocurrency, the US institute JP Morgan enters. And that although his boss scourged the Bitcoin as a "fraud".

The Bitcoin boom puts the big banks under pressure. On Wednesday, the price of the digital currency at $ 8,354 temporarily set a new record, after he had fallen on Tuesday within minutes by $ 500. Since the beginning of the year he has increased more than eightfold. Private investors and institutional investors are increasingly knocking on the banks - asking for advice or buying.

Given the booming demand, the top bankers have to set a line. If the cryptocurrency created in 2008 in opposition to the classical financial system had long been critically eyed, then the front of denial 2017 will continue to dodge. But where a closed appearance of the industry would be necessary, one thing prevails today: confusion.

Deutsche Bank clarified on Wednesday where it stands: in the camp of the skeptics. The largest German institute warns against investments. "I would simply not recommend it to a normal investor," said her chief investment strategist Ulrich Stephan. Investments in Bitcoin and other cryptocurrencies are nothing more than the hope that you get any equivalent value. The fluctuations are too high and the whole area is still completely unregulated. He was surprised that German investors are reluctant to share, but currently there is such a hype about Bitcoin, Stephan said.