@Naijachiefwhip Blog

Next stop $10,000? Bitcoin's incredible surge hits new heights.

The great bitcoin boom of 2017 is going from strength to strength. The virtual currency rocketed above $9,000 for the first time on Sunday and was trading above $9,500 by Monday morning in Asia.

Stock markets around the world have been on a tear this year, but their gains are paltry compared with bitcoin's. The digital currency, which only rose above $8,000 about a week ago, has surged an incredible 860% since the start of the year.

Despite skepticism from some top finance executives about bitcoin's rise, experts say the latest gains appear to have been fueled by expectations that big professional investors -- such as hedge funds and asset managers -- could soon pour money into the currency. Bitcoin is expected to rise as high as $11000 by the end of 2017

The cryptocurrency has been gaining more legitimacy in some parts of the financial industry.

http://www.naijachiefwhip.com/2017/11/cryptocurrency-bitcoin-hits-record-high-heads-to-10000-dollars.html

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