Bitcoin price hits another record: crosses $ 15,000 in just few hours of hitting $ 14,000
Bitcoin price surge hits $ 15,000, its all-time high on Thursday says Coinbase and Bloomberg. Few hours before this, the value of the cryptocurrency was $ 14,000 and in no time, the price hike surprised everyone. In October mid, Bitcoin’s price rally hit a new record of $ 5,000 and now, the value surged by incredible folds.
Cryptocurrency experts believe the ever-increasing acceptance of the Bitcoin as a mode of trade by the established businesses to be behind this price boost. Big financial players like Australian Stock Exchange Operator ASX expressed their interest in accepting blockchain technology. They believe the inclusion of blockchain technology will add value to the trade.
Other players that are looking forward to making Bitcoin trade, a part of their business includes CBOE Global Markets and Nasdaq. Cantor Fitzgerald, one of the oldest financial firms has also been reported to be creating the Bitcoin derivative. With this, Bitcoin enthusiasts expect a downfall in Bitcoin’s value and this would allow small businesses to get into a crypto trade.
However, financial regulatory bodies such as The Reserve Bank of India (RBI) seem to be skeptical about Bitcoin’s future. It expresses its concern by reinforcing its previous message to
"users, holders, and traders of Virtual Currencies (VCs) including Bitcoins regarding the potential economic, financial, operational, legal, customer protection and security related risks associated with dealing with such VCs."
Reason for dramatic price surge- from the desk of leading players
The dramatic surge of Bitcoin price has undoubtedly surprised one and all. The cryptocurrency experts have their own explanations for this value hike. The CEO and Co-founder of Unocoin, Sarthak Vishwanath believes that it’s high time for every user to invest in Bitcoin. He expects similar Bitcoin price surges in coming future. He says:
"Since there is an upper cap of 21 million on the total number of Bitcoins that can be mined, we foresee the values of Bitcoin soaring in the near future. Hence, from an investment or spending perspective, every user should buy Bitcoins now."
Another leading Indian exchange Zebpay seems to be on the same page as Unocoin. Zebpay co-founder Sandeep Goenka says:
"Bitcoin crossing $10,000 proves that more and more people are realizing that this is a revolutionary technology," says Goenka. "Nations which adopt it have the potential to become fintech hubs of the future. Those who don't risk are being sidelined from one of the biggest technological benefits, like the Internet."He further added.