resembles more of a commodity than a currency at the moment it's now for more on this i'm joined by jeff gallus he's founding director of the german association jeff good morning. i want to ask you is this surge that we're seeing right now is it more sustainable than the one that we saw in 2017. i would say yes absolutely 2017 just saw a little spike for a couple days and as you rightfully already said now we're seeing larger amounts flowing in institutions companies are using that conason asset to use to reshift their cash reserves we're seeing several larger companies that are buying big amounts of bitcoin so they don't have to be exposed to traditional cash namely the u.s. dollars but are exposed to the upside that does offer them as a sort of safe haven in the genitive s. what do you expect the value of because for example to correct in the coming weeks are you expected to continue to go up well as some wiseman's up before it's really hard to predict the future so it will go up nor will it go down it has been volatile over the past couple years because it's only 12 years old and for 12 year