Leveraging for bitcoin in anticipation of humungous return indicates heightened greed in the crypto-currency market Data available with Google Trends shows people around the world are searching ‘buy bitcoin with credit card’ with Nigeria and St Helena being among top searchers for these words.It is followed by United States, Canada and South Africa. India holds 15th position on that list.Search for these five words is at an all-time high on Google Trends. At present ‘buy bitcoin with credit card’ is hovering at 100.Bitcoin zoomed past the $10,000 mark on Wednesday from nearly $1,000 on January 1, 2017. Those who support the fundamentals or logic behind bitcoin’s dream run are highly bullish on the e-currency. He advises small investors not to put more than 1 to 3 per cent of their net worth in crypto-currencies, while high net worth investors can invest 5 to 10 per cent in this space.Greed is definitely there in the market for bitcoin.

Source: Economic Times November 29, 2017 07:04 UTC