This Tuesday, for the first time in years, the value of the Bitcoin exceeded the barrier of $8k USD, extending the good time this cryptocurrency passes through because, according to specialists in cybersecurity, its value has grown more than double since the beginning of 2019.
The website CoinDesk, a platform specializing in virtual assets, states that the Bitcoin reached a value of $8 325 USD after a series of falls; according to this website, the Bitcoin value has increased by more than 120% over the past five months.
However, this figure is not close to the historical maximum reached by Bitcoin, whose value was close to $20k USD a couple of years ago, according to experts in cybersecurity.
According to some members of the cryptocurrency community, the impact of negative news has not been as significant as in the past year, resulting in relative stability in the value of the Bitcoin.
Coupled with this, some smartphone manufacturers such as Samsung and HTC have decided to support trading platforms that accept transactions in digital currency, which has strengthened consumer confidence; as if it were not enough, there are rumors that Fidelity Investments, one of the most important financial operators, will try to enter the world of virtual assets for some of its corporate clients.
In addition, some cybersecurity experts believe that the increase in the value of the Bitcoin is because large holders of virtual assets are conducting massive capital movements trying to force out small holders.
On the other hand, specialists from the International Institute of Cyber Security (IICS) consider that this increase is related to the use of tokens, known as ‘ tethers’, employees supposedly to inject liquidity into the cryptocurrency holders’ community.
In any case, there are still questions about this apparent stability in the value of Bitcoin and other criptomonedas popular; U.S. financial authorities already have this case in sight.
He is a well-known expert in mobile security and malware analysis. He studied Computer Science at NYU and started working as a cyber security analyst in 2003. He is actively working as an anti-malware expert. He also worked for security companies like Kaspersky Lab. His everyday job includes researching about new malware and cyber security incidents. Also he has deep level of knowledge in mobile security and mobile vulnerabilities.