M
malaguti
apparently there are some 114,235,996 households in the US..(a quick google search nothing more)
so lets imagine there is just 1 consumer per household..very farfetched
22000/114,235,996
which effectively means that using a sample of 0.0625% they have listed the top 100.
there's credibility for you
It certainly is, but this makes little difference as long as there are people ready to buy it and its products at this rate of evaluation. And from what I get from fanboys and the news, things are not going to change any time soon. Not until there are at least 2 or 3 such controversies as Apple Watch.
viktor_k67
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Buffett news pushed the AAPL 3.7% up. According to the news he bought 9,811,747 at the end of the first quorter and he alocated $1,069 billion:
"In a new regulatory filing, Berkshire disclosed that it owned 9,811,747 shares of the iPhone maker at the end of the first quarter. At the time, the position was worth $1.069 billion.".
$1,069 billion divided by 9,811,747 shares will be $108.95
If Buffet was buying at the end of the 1st quarter it could be only on March 30-31 when the AAPL was traded around $108.95
Chart courtesy of http://www.marketvolume.com
"In a new regulatory filing, Berkshire disclosed that it owned 9,811,747 shares of the iPhone maker at the end of the first quarter. At the time, the position was worth $1.069 billion.".
$1,069 billion divided by 9,811,747 shares will be $108.95
If Buffet was buying at the end of the 1st quarter it could be only on March 30-31 when the AAPL was traded around $108.95
Chart courtesy of http://www.marketvolume.com
Buffett news pushed the AAPL 3.7% up. According to the news he bought 9,811,747 at the end of the first quorter and he alocated $1,069 billion:
"In a new regulatory filing, Berkshire disclosed that it owned 9,811,747 shares of the iPhone maker at the end of the first quarter. At the time, the position was worth $1.069 billion.".
$1,069 billion divided by 9,811,747 shares will be $108.95
If Buffet was buying at the end of the 1st quarter it could be only on March 30-31 when the AAPL was traded around $108.95
Chart courtesy of http://www.marketvolume.com
Well, I guess almighty Buffett might be wrong sometimes actually. Not sure if the news alone can send the stock soaring.
The most expensive brands (Forbes)
The American company Apple has retained the lead in the annual ranking of the most expensive brands according to the Forbes.
Thus, the first three places for the brand value continues to steadily keep the company from the sphere of high technologies.
According to the Forbes, Apple brand value increased over the year by 6% and amounted to $154.1 bn. Also the top five included Google, Microsoft, Coca-Cola and Facebook.
In second place with an incredible gap from the leader in the 87% placed the Google brand - its value is about $82.5 bn. At the same time on Google ads spent almost twice as much as Apple. It is important to note that Apple is regarded as one of the most rapidly rising in price brands, primarily due to the recognition - of like a social network are 1.65 billion people.
However, the Microsoft brand value is also growing, though not as impressive rate - from $69.3 to $75.2 bn. The top ten most expensive brands were also Toyota, IBM, Disney, McDonald's and GE.
The American company Apple has retained the lead in the annual ranking of the most expensive brands according to the Forbes.
Thus, the first three places for the brand value continues to steadily keep the company from the sphere of high technologies.
According to the Forbes, Apple brand value increased over the year by 6% and amounted to $154.1 bn. Also the top five included Google, Microsoft, Coca-Cola and Facebook.
In second place with an incredible gap from the leader in the 87% placed the Google brand - its value is about $82.5 bn. At the same time on Google ads spent almost twice as much as Apple. It is important to note that Apple is regarded as one of the most rapidly rising in price brands, primarily due to the recognition - of like a social network are 1.65 billion people.
However, the Microsoft brand value is also growing, though not as impressive rate - from $69.3 to $75.2 bn. The top ten most expensive brands were also Toyota, IBM, Disney, McDonald's and GE.
China is buying one of London's largest gold vaults
China has just boosted its reach to London's gold market, as the state-owned ICBC Standard Bank has agreed to buy the precious metals storage business from Barclays, which includes a state-of-the-art storage facility in London, according to a report on CNN.
While the financial details of the sale were not disclosed, the report says the "vault is in a secret location in London, and can store 2,000 tons of gold and other precious metals.
For Barclays, the deal is part of a restructuring effort to make the bank leaner and more focused, while the Chinese bank could easily service its Western clients by having a vault closer to store precious metals.
"London is the world's largest wholesale over-the-counter gold market by trading volume, with estimated $5 trillion worth of gold trades cleared there every year. The precious metal has been traded in London for over 300 years," the report added.
Interesting fact that China produces more than a quarter of global gold demand. That's why there is a question - why some states refused from gold and sharply reduce gold reserves, and another states vice versa try to increase their gold reserves. Also I think everyone knows that George Soros claimed about his interest in gold.
And what about your thoughts about this situation, who will win from such deals?
China has just boosted its reach to London's gold market, as the state-owned ICBC Standard Bank has agreed to buy the precious metals storage business from Barclays, which includes a state-of-the-art storage facility in London, according to a report on CNN.
While the financial details of the sale were not disclosed, the report says the "vault is in a secret location in London, and can store 2,000 tons of gold and other precious metals.
For Barclays, the deal is part of a restructuring effort to make the bank leaner and more focused, while the Chinese bank could easily service its Western clients by having a vault closer to store precious metals.
"London is the world's largest wholesale over-the-counter gold market by trading volume, with estimated $5 trillion worth of gold trades cleared there every year. The precious metal has been traded in London for over 300 years," the report added.
Interesting fact that China produces more than a quarter of global gold demand. That's why there is a question - why some states refused from gold and sharply reduce gold reserves, and another states vice versa try to increase their gold reserves. Also I think everyone knows that George Soros claimed about his interest in gold.
And what about your thoughts about this situation, who will win from such deals?
The buyback of shares in the US is collapsing at a record pace
It is not a secret now that the inflatable bubble stock American market is held only by a share buyback by largest corporations. It looks like the company sends the more shares of its revenues, plus borrowed funds to purchase its own shares on the stock market. Thereby achieving the effect of the growth of prices of redeemable securities. Especially successfully the system worked when the printing press, i.e. when running the program of quantitative easing. Then many companies and banks simply "bathed" in not how it is provided dollar liquidity.
But everything sooner or later, come to an end. According to the study, it became clear that this year, for four months, to repurchase the securities decreased by 38% or $150 billion, over the same time interval last year. Since the crisis of 2009 - is the largest reduction of buyback.
Moreover, the number of companies that have decided to reduce the payment of dividends, was as much as possible for the last 7 years. A capital expenditure of large US corporations fell by 5.9%. This is the highest figure since the 2009 crisis.
What do you think about the future of stock market and economy at all?
It is not a secret now that the inflatable bubble stock American market is held only by a share buyback by largest corporations. It looks like the company sends the more shares of its revenues, plus borrowed funds to purchase its own shares on the stock market. Thereby achieving the effect of the growth of prices of redeemable securities. Especially successfully the system worked when the printing press, i.e. when running the program of quantitative easing. Then many companies and banks simply "bathed" in not how it is provided dollar liquidity.
But everything sooner or later, come to an end. According to the study, it became clear that this year, for four months, to repurchase the securities decreased by 38% or $150 billion, over the same time interval last year. Since the crisis of 2009 - is the largest reduction of buyback.
Moreover, the number of companies that have decided to reduce the payment of dividends, was as much as possible for the last 7 years. A capital expenditure of large US corporations fell by 5.9%. This is the highest figure since the 2009 crisis.
What do you think about the future of stock market and economy at all?
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The oil company Petrobras gets rid of offshore fields
Oil company Petrobras, which is a resident of Brazil, stated that it was going to get rid of all of their assets in offshore zones, due to the low prices for oil markets. In total, oil and gas fields put up for sale at $2 billion. Unnamed sources told Bloomberg, that the conversation is about the three fields - Bauna, Golfinho and Tartaruga. The deal will lead and implement the Bank of America Merrill Lynch.
As soon as rumors leaked to the media, oil and gas fields immediately interested companies such as Petro Rio SA, LetterOne Holdings SA and Karron Gas Australia Ltd. The final decision on the sale of offshore assets, Brazilian Petrobras' management is obliged to take within 90 days.
The company Petrobras is forced to sell their assets offshore because of the low prices for oil markets and because of the corruption scandal, in which the entire top management resigned. After sales of doubtful assets, the new management of the company intends to raise up to $14.4 billion of private investment.
What do you think about the future of this company?
Oil company Petrobras, which is a resident of Brazil, stated that it was going to get rid of all of their assets in offshore zones, due to the low prices for oil markets. In total, oil and gas fields put up for sale at $2 billion. Unnamed sources told Bloomberg, that the conversation is about the three fields - Bauna, Golfinho and Tartaruga. The deal will lead and implement the Bank of America Merrill Lynch.
As soon as rumors leaked to the media, oil and gas fields immediately interested companies such as Petro Rio SA, LetterOne Holdings SA and Karron Gas Australia Ltd. The final decision on the sale of offshore assets, Brazilian Petrobras' management is obliged to take within 90 days.
The company Petrobras is forced to sell their assets offshore because of the low prices for oil markets and because of the corruption scandal, in which the entire top management resigned. After sales of doubtful assets, the new management of the company intends to raise up to $14.4 billion of private investment.
What do you think about the future of this company?
Tesla Motors has raised $1.46 billion
Manufacturer of electric vehicles Tesla Motors has received $1.46 billion after placing another 6.8 million of its own shares on the stock exchange. It was reported by news agency Reuters. This event took place just a day later after the company announced its intention to implement a part of its own shares for a total of $2 billion.
The funds required for Tesla, in order to solve the problem a major expansion of its production: a few days ago the company decided to increase the planned number of machines for the production of 2018 to 500 000 units.
In addition, the Tesla had met with much surpassed all expectations corporate demand for the budget version of its electric vehicle Model 3. In particular, the total number of pre-orders for this modification of the car cost $35k has already reached more than 375,000.
In order to quickly resolve the issue of the increased demand for its products, the Tesla has decided to implement about 10 million shares, including 2.78 million shares owned by Elon Musk.
According to journalists, the placement of shares held at a price of 215 dollars. This is much lower than the cost of an incremental placement of securities of the company in August last year, when it reached 242 dollars. For the current year securities Tesla declined in value by 10%. The maximum value of the value of one share of the company within reach in July last year (286.65 dollars).
In total, over the past 6 years the company has gained through credit facilities and through the placement of securities of $4.5 billion.
Is this an opportunity? Track more relevant news here
Manufacturer of electric vehicles Tesla Motors has received $1.46 billion after placing another 6.8 million of its own shares on the stock exchange. It was reported by news agency Reuters. This event took place just a day later after the company announced its intention to implement a part of its own shares for a total of $2 billion.
The funds required for Tesla, in order to solve the problem a major expansion of its production: a few days ago the company decided to increase the planned number of machines for the production of 2018 to 500 000 units.
In addition, the Tesla had met with much surpassed all expectations corporate demand for the budget version of its electric vehicle Model 3. In particular, the total number of pre-orders for this modification of the car cost $35k has already reached more than 375,000.
In order to quickly resolve the issue of the increased demand for its products, the Tesla has decided to implement about 10 million shares, including 2.78 million shares owned by Elon Musk.
According to journalists, the placement of shares held at a price of 215 dollars. This is much lower than the cost of an incremental placement of securities of the company in August last year, when it reached 242 dollars. For the current year securities Tesla declined in value by 10%. The maximum value of the value of one share of the company within reach in July last year (286.65 dollars).
In total, over the past 6 years the company has gained through credit facilities and through the placement of securities of $4.5 billion.
Is this an opportunity? Track more relevant news here
Volkswagen has invested $300 million in the taxi service Gett
Online platform, which provides a taxi service Gett could get from the Volkswagen car company $300 million. The funds will expand the business in the United States and the EU.
The cost of startup and the number of shares that concern had got, wasn't advertised. Also concern will make favorable conditions for the operation of their machines for the startup partners. Today, the Volkswagen Group has twelve brands.
"At the moment, Volkswagen is a leader in the global automotive industry, we plan to become a leader in the mobility market by 2025. That's why the partnership with the Gett is an important milestone in the implementation of the new Volkswagen Group's strategy to provide integrated mobile solutions that our customers need" - said CEO of the VW group Matthias Muller.
Service Director, said that the new partnership a positive impact on transportation. Also the startup develops automated machines that help the two companies will be able to gain a foothold in major markets for a long time.
It's interesting, that startup has been already investing $220 million for 6 years.
I recommend you to follow news about Volkswagen here
Online platform, which provides a taxi service Gett could get from the Volkswagen car company $300 million. The funds will expand the business in the United States and the EU.
The cost of startup and the number of shares that concern had got, wasn't advertised. Also concern will make favorable conditions for the operation of their machines for the startup partners. Today, the Volkswagen Group has twelve brands.
"At the moment, Volkswagen is a leader in the global automotive industry, we plan to become a leader in the mobility market by 2025. That's why the partnership with the Gett is an important milestone in the implementation of the new Volkswagen Group's strategy to provide integrated mobile solutions that our customers need" - said CEO of the VW group Matthias Muller.
Service Director, said that the new partnership a positive impact on transportation. Also the startup develops automated machines that help the two companies will be able to gain a foothold in major markets for a long time.
It's interesting, that startup has been already investing $220 million for 6 years.
I recommend you to follow news about Volkswagen here
Bloomberg claimed the efficient oil price for producers
The cost of oil at $50 per barrel, set on Thursday is a good indicator for the oil market inspite of the cost is low for raw materials producers and they are no longer incur losses, Bloomberg informs.
The price $50 is "psychological barrier," said the head of the New York Office of the oil market research Societe Generale Michael Wittner. The article notes that the increase in the cost of a barrel largely contributed to the suspension of supplies of raw materials from Canada and Nigeria, as well as the decline in US production.
However, according to Wittner, even the return of Canadian and Nigerian oil can not exert influence on the market, because oil producers need a higher price to stop the losses increase.
The report of the Analytical Center of Wood Mackenzie Ltd states that the minimum threshold value of oil for the 50 largest world producers of $53 per barrel. At the same American producers, it may need a higher price, and to significantly increase production, said analyst William Foyls.
In his view, after the collapse of prices in August 2015 the company will act more cautiously. Then many of them to invest more in production, as oil prices held above $60 a barrel in August began to trade below $40.
"Many companies, a kind, have been deceived in the past year, now they are more cautious." - Said Foyls.
The cost of oil at $50 per barrel, set on Thursday is a good indicator for the oil market inspite of the cost is low for raw materials producers and they are no longer incur losses, Bloomberg informs.
The price $50 is "psychological barrier," said the head of the New York Office of the oil market research Societe Generale Michael Wittner. The article notes that the increase in the cost of a barrel largely contributed to the suspension of supplies of raw materials from Canada and Nigeria, as well as the decline in US production.
However, according to Wittner, even the return of Canadian and Nigerian oil can not exert influence on the market, because oil producers need a higher price to stop the losses increase.
The report of the Analytical Center of Wood Mackenzie Ltd states that the minimum threshold value of oil for the 50 largest world producers of $53 per barrel. At the same American producers, it may need a higher price, and to significantly increase production, said analyst William Foyls.
In his view, after the collapse of prices in August 2015 the company will act more cautiously. Then many of them to invest more in production, as oil prices held above $60 a barrel in August began to trade below $40.
"Many companies, a kind, have been deceived in the past year, now they are more cautious." - Said Foyls.
The Bitcoin price has reached 20-month high and the market can't understand why!
From last Friday morning, the price of Bitcoin has jumped by 15% and briefly reached $530. This is the highest price on cryptocurrency since August 2014, when the Bitcoin was trading at $532 level.
The total capitalization of the total turnover in a such way Bitcoin reached $8 billion, reports Quartz.
Presumably there are a few reasons that could happen to a jump in prices. Portal Zerohedge linked price increase with an increase in trading volume and demand for Bitcoin in China. There cryptocurrency investors buy for $573. This assumption is confirmed by a study of the specialized publication Coindesk, published in early 2016. According to it, trade Bitcoins using the Chinese yuan is 95% of all transactions cryptocurrency, against 80% in May 2015.
Another possible factor is the increased cost of Ethereum, digital financial platform, which caught Microsoft attention, IBM and Delloitte. In Ethereum and ether virtual currency last week was also successful. One of the most successful Bitcoin startups in the context of investment attracted Coinbase said about support the ether trading on new Exchange GDAX. Although the price of ether decreased over the past few days.
Coindesk could not give a clear explanation of the current rise in prices. Peter Zikovski, COO of the company Trade Bitcoins Whaleclub said to Coindesk: "There is no clear motive or catalyst, which is behind the recent increase in prices".
And what do you think about Bitcoin jumped price?
From last Friday morning, the price of Bitcoin has jumped by 15% and briefly reached $530. This is the highest price on cryptocurrency since August 2014, when the Bitcoin was trading at $532 level.
The total capitalization of the total turnover in a such way Bitcoin reached $8 billion, reports Quartz.
Presumably there are a few reasons that could happen to a jump in prices. Portal Zerohedge linked price increase with an increase in trading volume and demand for Bitcoin in China. There cryptocurrency investors buy for $573. This assumption is confirmed by a study of the specialized publication Coindesk, published in early 2016. According to it, trade Bitcoins using the Chinese yuan is 95% of all transactions cryptocurrency, against 80% in May 2015.
Another possible factor is the increased cost of Ethereum, digital financial platform, which caught Microsoft attention, IBM and Delloitte. In Ethereum and ether virtual currency last week was also successful. One of the most successful Bitcoin startups in the context of investment attracted Coinbase said about support the ether trading on new Exchange GDAX. Although the price of ether decreased over the past few days.
Coindesk could not give a clear explanation of the current rise in prices. Peter Zikovski, COO of the company Trade Bitcoins Whaleclub said to Coindesk: "There is no clear motive or catalyst, which is behind the recent increase in prices".
And what do you think about Bitcoin jumped price?
rathcoole_exile
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I think Bitcoin price is closely correlated to Chaff Futures, and they're on a tear right now, Chaff is huge right now, the next big thing.
It's due to artificial supply limits. No inherent value.
There is a real collapse in shipbuilding In South Korea
The report on the production and ship orders has published in South Korea. Within four months of 2016, compared to the same period of 2015, the shipbuilding industry has lost a whopping 94% of orders. In other words, exactly one year, the number of orders for new ships sharply rushed to zero. Naturally, at this point in the shipbuilding industry are massive cuts.
Well, so far without reports on Caterpillar US engineering corporation which will show a drop in orders compared to the same time period last year in the next monthly report. That is a reduction of corporation of production has been observed for 41 months in a row. It can be argued that the collapse of production is observed not only in the United States. It occurs worldwide.
What do you think about this topic?
The report on the production and ship orders has published in South Korea. Within four months of 2016, compared to the same period of 2015, the shipbuilding industry has lost a whopping 94% of orders. In other words, exactly one year, the number of orders for new ships sharply rushed to zero. Naturally, at this point in the shipbuilding industry are massive cuts.
Well, so far without reports on Caterpillar US engineering corporation which will show a drop in orders compared to the same time period last year in the next monthly report. That is a reduction of corporation of production has been observed for 41 months in a row. It can be argued that the collapse of production is observed not only in the United States. It occurs worldwide.
What do you think about this topic?
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IBM signs $300 million IT-deal with Emirates Airline
Today IBM announced it had signed a ten-year $300 million contract for the provision of technology services to the Dubai airline Emirates.
IBM will provide services in the field of information technology, which will enable the airline to increase the effectiveness of their systems and ensure support functions.
As part of the service agreement, the company will also provide assistance in data encryption airlines in real time and optimize systems for the efficient interaction of various software components.
In October 2015, IBM signed a $700 million contract with the Abu Dhabi airline Etihad to provide services related to IT and infrastructure.
The Emirates is the world's fourth largest carrier of passengers of international flights, reported a profit of $1.93 billion for the fiscal year to 31 March, which is 56% more than the same period last year.
Is this an opportunity to buy IBM?
Today IBM announced it had signed a ten-year $300 million contract for the provision of technology services to the Dubai airline Emirates.
IBM will provide services in the field of information technology, which will enable the airline to increase the effectiveness of their systems and ensure support functions.
As part of the service agreement, the company will also provide assistance in data encryption airlines in real time and optimize systems for the efficient interaction of various software components.
In October 2015, IBM signed a $700 million contract with the Abu Dhabi airline Etihad to provide services related to IT and infrastructure.
The Emirates is the world's fourth largest carrier of passengers of international flights, reported a profit of $1.93 billion for the fiscal year to 31 March, which is 56% more than the same period last year.
Is this an opportunity to buy IBM?
The raw materials are the most profitable investment since the beginning of the year
Raw materials is the best asset for the investment at the moment - return on investment in this sector is nearly 12% in 2016. This is several times higher than the yield on the stock and bond markets.
According to Bloomberg Commodity Index data, the profitability of investments in raw materials accounted for 11.98% since the beginning of 2016. The index combines indicators on 22 types of raw materials, and investments in 15 of them were profitable. The bond markets yield, according to the Financial Times, is about 6%, the yield of the stock market in 2016 - more than 2%.
The commodity market yield increased by 19.6% from the beginning of 2016, demonstrating the strong start to the year since 2008. Snatch was made in the first place, thanks to a jump in prices for oil markets, gold, zinc and soybeans.
The rise of commodity markets dues to several factors. Firstly, the boom of shale oil and gas production in the United States has ended - against the background of relatively low commodity prices the largest US producers of shale oil (Continental Resources Inc., Devon Energy Corp., Marathon Oil Corp.) in March had decided reducing production by 10% compared to last year.
Floods in Argentina and drought in Brazil affected the crops of soybeans and corn, respectively, spurring prices on the markets of these commodities. Prices for zinc is growing against the background of the expected reduction of metal production in China by 6% in 2016, as well as in connection with the decision of Glencore cut production by one-third of zinc.
Bond markets, on the contrary, faced with a drop. According to the Bloomberg Global Developed Sovereign Bond Index, a minimum yield bonds had reached 0.62%, the lowest figure since 2010. The yield on ten-year Australian bonds reached a historical low of 2.15%, while Japan - approaching the renewal of anti-record in -0.135% (-0.125% is now).
Investors show a return of interest in the commodity markets In 2016. According to RBC Capital Markets, from the beginning of the year to April it have been invested $60 billion in the commodity markets. According to eVestment, in April, hedge funds investing in raw materials, raised $1 billion.
At the same time, some large investors continue to refer to the rise of the commodity market is skeptical. And what about you?
Raw materials is the best asset for the investment at the moment - return on investment in this sector is nearly 12% in 2016. This is several times higher than the yield on the stock and bond markets.
According to Bloomberg Commodity Index data, the profitability of investments in raw materials accounted for 11.98% since the beginning of 2016. The index combines indicators on 22 types of raw materials, and investments in 15 of them were profitable. The bond markets yield, according to the Financial Times, is about 6%, the yield of the stock market in 2016 - more than 2%.
The commodity market yield increased by 19.6% from the beginning of 2016, demonstrating the strong start to the year since 2008. Snatch was made in the first place, thanks to a jump in prices for oil markets, gold, zinc and soybeans.
The rise of commodity markets dues to several factors. Firstly, the boom of shale oil and gas production in the United States has ended - against the background of relatively low commodity prices the largest US producers of shale oil (Continental Resources Inc., Devon Energy Corp., Marathon Oil Corp.) in March had decided reducing production by 10% compared to last year.
Floods in Argentina and drought in Brazil affected the crops of soybeans and corn, respectively, spurring prices on the markets of these commodities. Prices for zinc is growing against the background of the expected reduction of metal production in China by 6% in 2016, as well as in connection with the decision of Glencore cut production by one-third of zinc.
Bond markets, on the contrary, faced with a drop. According to the Bloomberg Global Developed Sovereign Bond Index, a minimum yield bonds had reached 0.62%, the lowest figure since 2010. The yield on ten-year Australian bonds reached a historical low of 2.15%, while Japan - approaching the renewal of anti-record in -0.135% (-0.125% is now).
Investors show a return of interest in the commodity markets In 2016. According to RBC Capital Markets, from the beginning of the year to April it have been invested $60 billion in the commodity markets. According to eVestment, in April, hedge funds investing in raw materials, raised $1 billion.
At the same time, some large investors continue to refer to the rise of the commodity market is skeptical. And what about you?
TexasRangersFan
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Yeah, there was something on the news yesterday about Pork Bellies (Pigs and Hogs) .
They said that the Chinese were buying all the pigs and pork they can get their hands on. And McDonald's recently started serving breakfast all day long. And that has increased the bacon consumption in the U.S. McD has a major influence on food products here.
And as a result, pork prices have soared.
They said that the Chinese were buying all the pigs and pork they can get their hands on. And McDonald's recently started serving breakfast all day long. And that has increased the bacon consumption in the U.S. McD has a major influence on food products here.
And as a result, pork prices have soared.
Bitcoin exchange rate overcame 2-year high
On the night of June 13 Bitcoin exchange rate broke through the level of $680 per Bitcoin and was at the maximum of $683.89 on the basis of trading in Hong Kong. According to the agency Bloomberg, the exchange rate struck Bitcoins with up to February 2014 against the background of the Chinese stock market downturn, weakening of the yuan and expectations of Fed actions.
According to OKCoin strategy Director Jack Lew, Bitcoin growth rate contributed to a growing interest on the part of venture capitalists and technology blockchain rise in popularity worldwide. "In a broad sense, we continue to watch the hype around blockchain that promotes the growth of interest in Bitcoins as an asset," - said Liu.
The rising cost of Bitcoin also comes amid a downturn in growth in the Chinese economy. According to official statistics, the volume of industrial production increased in May 2016 by 6% to May of last year. Investments in fixed assets increased in the first 5 months of this year by 9.6%, which was also lower than market expectations.
"Every time we see a weakening of the yuan, we see capital outflows increase, and as a result gain Bitcoin from this situation", - told Bloomberg head of product management ANX International Rabaglia Ryan.
On the night of June 13 Bitcoin exchange rate broke through the level of $680 per Bitcoin and was at the maximum of $683.89 on the basis of trading in Hong Kong. According to the agency Bloomberg, the exchange rate struck Bitcoins with up to February 2014 against the background of the Chinese stock market downturn, weakening of the yuan and expectations of Fed actions.
According to OKCoin strategy Director Jack Lew, Bitcoin growth rate contributed to a growing interest on the part of venture capitalists and technology blockchain rise in popularity worldwide. "In a broad sense, we continue to watch the hype around blockchain that promotes the growth of interest in Bitcoins as an asset," - said Liu.
The rising cost of Bitcoin also comes amid a downturn in growth in the Chinese economy. According to official statistics, the volume of industrial production increased in May 2016 by 6% to May of last year. Investments in fixed assets increased in the first 5 months of this year by 9.6%, which was also lower than market expectations.
"Every time we see a weakening of the yuan, we see capital outflows increase, and as a result gain Bitcoin from this situation", - told Bloomberg head of product management ANX International Rabaglia Ryan.
