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Benefit from the falling bitcoin price

The crypto-currency Bitcoin has skipped the $ 8,000 mark, showing how much it is focused on by speculators. Now investors can also bet on falling Bitcoin prices with new products.
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Honkong: The prospect of a technical innovation at Bitcoin has pushed the price of the crypto currency to a new record high on Friday. The computer-generated motto increased on the trading platform Bitpoint temporarily by more than ten percent to $ 8040. At the beginning of the year, a bitcoin cost around $ 1,000.

As the Bitcoin trading platform Coinbase announced on their website, a long-awaited software update should be made during the day. That would be equivalent to a split in the cyberdevise. This gives every investor who holds a Bitcoin, virtually a new Bitcoin given.

"Every time people hear about such a split, the price jumps up," says Charles Hayter of Cryptocompare. Investors invested in Bitcoin or shifted their money from other cryptocurrencies to Bitcoin for wanting to cash in on the dividend.

In recent months, there has been more often a split in Bitcoin. For example, Bitcoin Cash and Bitcoin Gold have already been created, and their prices have since risen significantly. Bitcoin is the best-known of the approximately 1300 cryptocurrencies, the total value amounts to about 230 billion dollars, according to the website Coinmarketcap.
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