Bitcoin hit an all-time high of over $23,700 On Thursday
It has paused its climb today, but is holding its ground at around $23,000
The cryptocurrency has risen around 30% this week and 222% in this year
Bold predictions of as high as $70,000-$90,000 are being made by analysts
Crypto exchange Coinbase has filed with US regulators to go public
Ruffer Investment Co Holds Bitcoin – Bitcoin Magazine bitcoinmagazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bitcoinmagazine.com Daily Mail and Mail on Sunday newspapers.
Bitcoin is off on one of its wild runs again. The cryptocurrency firmly breached its previous high yesterday, rising above $20,000 a coin for the first time ever. By the time I went to bed last night, it was above $21,000 for the first time ever.
This morning, when I checked to write this piece, it was above $22,000 and climbing – for the first time ever. I don t know about you, but I m starting to wonder if there s something to this crypto business.
Bitcoin could go to $400,000 apparently
Bitcoin has never been this high. The last peak came at just above $19,000, which was around about this time three years ago. As my colleague Dominic (who knows a lot more about bitcoin than I do) has pointed out on several occasions, bitcoin has a record of boom and bust like no other asset. 2011, 2013, and 2017 all saw booms that ended in busts – with bitcoin going up many hundreds of percent, and then crashing by about 80% on the way down.