Bitcoin touches $33,500 and Shows No Signs of Slowing Down

Bitcoin is trading at 33,341 United States Dollar at the time of writing this article and it is anticipated that the cryptocurrency will jump over US$34,000 anytime in the next few hours. We initially anticipated price jumping over the $20k barrier in December but nobody predicted price to touch and go beyond US$34,000.

In the span of the last thirty days, Bitcoin’s price has surged high to the highest ever point in its history.

is it a bubble as warren Buffett predicted three years ago? What if it goes on and hit $100,000 in the near future? There are many questions and doubts about the future of Bitcoin.

It seems like, with this pace, Bitcoin could well hit US$100,000 by 2021. This is a huge task for regulators to battle it out and keep the price in check. 

Many investors still believe Bitcoin is irrelevant and it’s a Bubble. Regardless of what people think in for or against Bitcoin, there’s a clear difference in the pattern of 2017 and 2020.

Also See: There is Nothing that will Stop Bitcoin from Appreciating