The value of Bitcoin kept on rising. In less than two weeks after reaching its major $10,000 per coin milestone, the cryptocurrency crosses the $15,000 mark.
Bitcoin has undergone a staggering increase in value; surging from just $800 at the start of 2017, to roughly $3,500 in mid-September, $10,000 in November and to its current price.
Although the general trend for Bitcoin’s valuation is only up, the cryptocurrency has been known to be extremely volatile. On November 29th, for example, its value fell 20 percent in less than an hour and half; down from over $11,000 to $9000.
For those that follow Bitcoin's trend, they believe that sudden drops like that are only temporary. But skeptics have cautioned that any plunge may end up being permanent. After crossing $15,000, it’s value quickly dipped down to around $14,800.
Bitcoin could easily extend its valuation to go further up and beyond, in just a small amount of time, just like it previously shown. But, while the investor community is mostly happy to see the cryptocurrency heading up sky high, there is growing discomfort with the pace of the ascent.
The questions facing speculators are: is this a bubble? If it is, then when will it burst?
Here analysts are split over whether futures trading will bring some calm to bitcoin, or not. It could push the price down, as investors will be able to bet on a crash. But if investors keeps their money pouring in, the price could head even higher.
But investors were also reminded of the dangers of cybercrime, as a bitcoin wallet firm revealed it had been hacked.