Manoj A.The much popular cryptocurrency Bitcoin has hit an all time high in the market garnering huge attention. The new form of currency that has managed to grab interest from all spheres has surged up to $8020 on the Bitfinex exchange on November 16. This is looked upon as a significant milestone to the crytocurrency that was found by a group of unidentified developers in the year 2008. Ever since its introduction, the digital currency has been climbing up the ladder in the exchanges and market and is slowly gaining validity from all over the world.
Bitcoin had just reached the $7000 milestone few weeks back and its surge to $8000 is looked upon with surprise from many quarters. However, some financial experts and analysts had been expecting it to go up further and has been expressing it over the past few months. Masterluc, who turns out to be one of the most popular traders, has expressed in August that Bitcoin would hit over $15,000 by the end of the year. Tom Lee, co-founder of FundStart Global Advisor expects Bitcoin to reach as high as $25,000 in the next five years.
Bitcoin, the digital form of currency has been receiving widespread acceptance and seems to hold a lot of potentials in the market in the coming years.
Editorial Staff
Mohith Agadi
