Analysis: Another Bitcoin Bubble? This Time It’s Different, Backers Hope

Analysis: Another Bitcoin Bubble? This Time It’s Different, Backers Hope
Bitcoin (virtual currency) coins are seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, May 27, 2015. Benoit Tessier/Reuters
|Updated:

With bitcoin surging to the cusp of its 2017 all-time high, backers are hoping fewer frenzied retail investors means less chance of a crash this time around.

But with little mainstream usage as a form of payment and global uncertainty clouding financial markets, bitcoin is still far from a safe bet, analysts said.