The stock expert and founder of Birinyi Associates Laszlo Birinyi thinks that the phenomenal rise in the price of Bitcoin, which has grown by 1.950% since January 2017, has served as a catalyst for the global financial market as a whole and has attracted more new investors to the stock market.

He added that cryptocurrency mania also provided a "whiplash" to traders in the stock.

In a telephone interview with CNBC, Birinyi said that Bitcoin's craze was forcing more of the money that was kept inactive off the stock markets.

"Bitcoin is a catalyst for a lot of interest, that's everyone, it also gives the guy to the trading desk, sitting in a hedge fund, a bullet in the arms … Suddenly more and more people know that there is a market on, the trademark and […]

However, according to Birinyi, Bitcoin has shown Bubble-like features over the last few weeks. "He added that while Bitcoin is indeed a cryptocurrency bubble, it's already bigger than some of the biggest financial bubbles in history, including the Nasdaq bubble. from the late 1990s.

Birinyi also stated that he was not ready to invest in Bitcoin in the long run, but that he sees it as better suited to a In fact, he claimed that he successfully traded cryptocurrency during the second launch. Bitcoin futures at the Chicago Mercantile Exchange (CME) on December 18.

"I've earned $ 3,000 in an hour.This is not money for investment, it's the only thing I've ever done. the money you would spend on this new driver for your golf bag. "

While the most well-known digital currency has its share of skeptics, investors are entering the crypto market. The famous American investor Bill Miller recently told reporters that 50% of his hedge fund's money is currently invested in Bitcoin.

The recent explosion of Bitcoin coverage in traditional media paves the way for other crypto-currencies. increased adoption.