The Bitcoin rises and in a day and exceeds $ 11,000

This is a bubble and there is a lot of foam. This is going to be the biggest bubble of our lives, "hedge fund manager Mike Novogratz warned during a cryptocurrency conference held in New York on Tuesday.

In mid-September, the president of JPMorgan, Jamie Dimon, said that bitcoin is a "scam" destined to explode.

"It is the very definition of a bubble," Credit Suisse director Tidjane Thiam recently added.

The ups and downs of bitcoin arouse the fear of a speculative runaway: at its launch in February 2009, a bitcoin was worth only a few cents.

In September, China prohibited transactions with crypto currencies on the country's platforms stating that it wanted to combat "illegal activities" and contain potential risks to its financial system.

The Chinese decision momentarily destabilized the market, but the quotation quickly resumed its rise.

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