bitcoin fall below $ 15 thousand amid investors doubts

Fell 9.8% to $ 14965 after climbing to a record $ 16666.66.

The encrypted currency has risen more than 30 percent this week as investors debate whether it is in a bubble about to explode.

Although a large number of experts, governments and central banks have consistently warned about the spread of dealing in the encrypted digital currency market, the total value of the currency has jumped to more than $ 270.1 billion over the course of days, reaching more than twice the total value of Goldman Sachs Sachs "one of the largest international banks.

Petcoin received support after the US regulator announced on Friday that it would allow CME and CBO Global Markets to list future Petchem contracts.

Currency experts have predicted that Germany will become the world's coded currency capital with many prestigious institutes and universities turning to expenses in a currency of composition, boosting the position of digital currencies in the world.

This step opens the door to more regulation but also facilitates the expansion of its adoption as futures and other derivatives will make it easier to trade the new asset class.

However, some believe that bitcoin will only gain international legitimacy through the support of four international bodies - the International Monetary Fund, the World Bank, China and India.