LONDON/PARIS - Bitcoin has enjoyed a record-breaking week after electric carmaker Tesla and Wall Street finance giants sparked a goldrush for the world's most popular virtual currency, but bubble fears persist.
The cryptocurrency then vaulted higher, topping $52,000 on Wednesday after investment fund giant BlackRock also confirmed a push into the booming sector. "If companies' fundamentals are going to become closely tied to movements in bitcoin because they have suddenly become speculators on the side, we are going to be in bubble territory before you know it."
"Bitcoin is an asset that is incredibly volatile and is very risky," said professor Matthieu Bouvard at the Toulouse School of Economics.
Can i have 1 please
Bitcoin is doomed
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