On Sunday morning, by 12:22 p.m. ET, the price of bitcoin has sky rocketed and crossed the value of $9,000 per coin. It was 7.16% up against the US dollar.
Till a year ago, each bitcoin was priced at $730 and that on Monday morning reached the value of $9,760 a coin. Experts are sharing divided opinions about its future. While a section thinks this is the point when bitcoin is catching up the market, the other section of experts sees this as a momentary soar that won’t last forever.
The sum total of all the existing bitcoins has exceeded $150bn, and a total those of all cryptocurrencies has crossed $300bn.
But wide speculations are going on that the value will exceed more than $10,000 mark by the end of the year.