>> Another record high for Bitcoin, as it surges above $12,000.>> I think it's fair to say that Bitcoin's price increase this year has exceeded what most people, even the most bullish people on Bitcoin, expected>> As Reuter's Jemima Kelly explains, the ascent has been meteoric. The cryptocurrency has increased in price about 13 times since the beginning of the year, and tripled this quarter alone.
The most recent boost coming after an announcement last week.>> CBOE, which is the biggest US options exchange,is launching Bitcoin futures on Sunday. And that makes people think that a huge number of new investors are gonna enter the market and that it's gonna become more of a mainstream investment.
>> Sunday's launch will make it easier to trade the cryptocurrency, opening the door to better regulation, but also more mainstream adoption. The fear is, Bitcoin is in bubble territory, but it's not easy to know if or when that could burst.>> There are also worries around some of the uses for Bitcoin, so obviously it's been linked to the dark web.
People are using it to buy drugs and weapons and for other illicit transactions. I think the worry is that it could all explode in spectacular fashion and that a lot of people could lose a lot of money. Particularly those that are leveraged up, and so could potentially be wiped out, go bankrupt.