As expected, Bitcoin surged to all time high on Monday. It seems like, it will have no difficulty reaching $10,000 in near future. On the Sunday evening, Bitcoin price suddenly surged from $5,660 to all time record $6,345 before settling just over $6,000 at the time of writing this article.
It seems like every time does there is speculation about the currency, the price rises. It began with the Amazon rumours, Russian and Chinese news and if that was not enough, Warren Buffett shared his views about the currency. This time around, it is South Korea’s decision to regulate Bitcoin as a commodity.
At this current pace, $10,000 price is just insight and could come very soon than expected.
30,000 new #Bitcoin wallets a day. ETF coming soon. Wall St. just getting started. Regulators waking up to their impotence. Hello $10,000!
— Max Keiser (@maxkeiser) October 29, 2017
What ever the fate Bitcoin may wear in the future, this cryptocurrency has risen over 470% this year.