The world’s most well-known cryptocurrency, Bitcoin, is now trading at $43,000, marking an all-time high. With a particularly strong surge in recent months, the chart displays a consistent price increase over the last 12 months.
This growth in value is probably the result of several reasons, such as expanding institutional investment and the acceptance of Bitcoin as a real asset class. In the short term, some analysts think Bitcoin might keep rising, while others caution about a possible bubble.
What lies ahead for Bitcoin is only a matter of time, but one thing is certain: this virtual money is here to stay.
Source (CNBC)
