Bitcoin mania reached new highs Thursday as the price of the digital currency jumped about 40% in 40 hours, smashing through five separate $1,000-barriers and surging past $16,000. At one point Thursday, the price briefly jumped above $19,000 on some exchanges, before quickly retreating. At 5 p.m. in New York, bitcoin was trading at $16,109, up 17% for the day, before it bounced above $17,000 again in evening trading.
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Read the rest at: [Suspicious link removed]j.com/articles/bitcoin-tops-15-000-as-manic-rally-gains-even-more-momentum-1512647315
Bitcoin has now been turned into a Wild, Wild West type of an investment vehicle as it keeps on surging and surging until it got a little bit dizzy and retreated for some correction and is now staying at the $15-16K level. Though we should be happy about this incredible and mind-boggling bull run there are many who are already expressing concern because of the possibility of overheating resulting into the bubble popping anytime. I am also wondering if Bitcoin can be able to sustain this amazing upward trend and if the opening of the futures can positively affect Bitcoin especially in the long run.
