The bitcoin rate continues to grow, reaching a record $12,735 on 6 December. Its capitalization has approached $213 billion. Such a drastic jump in price may lead to increased attention of state regulators, investors fear.

The cryptocurrency market continues to beat records. If on 5 December bitcoin only temporarily tested the level of $12,000, then on 6 December, the cryptocurrency achieved another all-time high, moving to $12,700.

As of 7.46 UTC, bitcoin is traded at $12,735, while its capitalization exceeded $212.9 billion.

The share of bitcoin in the total capitalization of the cryptocurrency market returned to rise again, reaching 56%. Traders and investors transfer their assets from fiat and altcoins to bitcoin ahead of the start of bitcoin futures trading on the Chicago Exchange Cboe Global Markets on 10 December.

Experts differently evaluate the possible impact of bitcoin futures trading on the bitcoin rate. Some suggest that the beginning of bitcoin futures trading will lead to an even greater growth of bitcoin. So, Nikolaos Panigirtzoglu, a global markets strategist at JPMorgan, wrote in his report to clients suggested:

“The future launch of bitcoin futures will give it legitimacy, which increases the attractiveness of the cryptocurrency market for both retail and institutional investors.”

Others suggest that institutional investors will prefer to expose not long but short positions in bitcoin, which will lead to a decrease in the rate of bitcoin.

“The futures reduce the frictions of going short more than they do of going long, so it’s probably net bearish,” said Craig Pirrong, a business professor at the University of Houston. “Having this instrument that makes it easier to short might keep the bitcoin price a little closer to reality.”

Such a fast growth of bitcoin may entail increased attention of world regulators and contribute to tightening of state regulation, the billionaire and bitcoin enthusiast Mike Novogratz fears. “I've got concern that if price movements go higher, we're going to get more regulation,” Novogratz said.