Cryptocoin once again breaks all the previous records by passing $7000 mark on Thursday morning.
According to sources, Bitcoin price striked $7,355.35 at 7:16 a.m ET. The rise in price was observed about 7% a day.
The CEO of cryptocoins comparison website Crypto Compare, Charles Hayter, told CNBC:
This is BTC crossing the divide from the crazy west of revenue to the main stream
Following this latest news, BTC total market capitalization is over $110 billion, and it now accounts for 60% of the $183 billion digital currency market.
Bitcoin value will increase further in upcoming years, Some experts believe that BTC price will increase up to $25,000 in the next 5 years, However, it is still the gamble and nobody knows exactly in which shape it will emerge again.
Credit Suisse CSGN.S Executive Tidjane Thiame said,” From what we can identify, the only reason today to buy or sell btc is to make money, which is the very definition of speculation and the very definition of a bubble.”
