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Albania not immune to bitcoin bubble, experts warn

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6 mins read
8 years ago
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TIRANA, Dec. 26 – As the bitcoin bubble continues amid warnings of a crash in 2018, hundreds of Albanians are estimated to have invested in the world’s primary cryptocurrency whose value soared this year, posing them at risk of an expected 2018 crash, experts warn. The digital currency rose to $16,000 on Boxing Day, recovering some of the ground lost in a pre-Christmas rout that cut its price by almost a third in a single day after it fell below $12,000. Bitcoin had risen around twentyfold since the start of the year, climbing from less than $1,000 to as high…

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Story Highlights

  • "Discussion and interest in the bitcoin virtual currency have become almost global. Even Albania does not seem to be immune to this phenomenon. While much is being talked about, written and discussed about it, a number of individuals and businesses have concretely been involved in the bitcoin transactions lured by the spectacular surge in bitcoin value in the money and financial markets," says Adrian Civici, an Albanian economy expert.

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