Today the highest the price of bitcoin since December 2013, when the digital currency was worth $1156. Many factors came together in the second half of 2016 to give the Bitcoin to the current $1000. Among these factors: Reduce the reward for the unit twice, political instability and China.
I read that the all time high was $1164. Am I wrong with that assumption that it rose that much back in 2013?
And to deisik. I thought that it was approved by SEC for ETF's of bitcoin were to go forward.
I think the ATH in 2013 around $1200, the latest all-time high was set on 17 November 2013 at US$1,216.73 on the Mt. Gox exchange and bitcoin reached another all-time high of US$1,139.9 on 4 January 2017. Source : wikipedia.
Winklevoss bitcoin ETF will get approval on March 11th, SEC has been delaying to make a decision since few years ago, what a long way to wait for them. But, the decision will affect bitcoin environment for sure as US Securities and Exchange Commission (SEC) is aimed to providing a means for investors to gain exposure to bitcoin without actually having to buy the digital currency.
http://www.coindesk.com/winklevoss-bitcoin-etf-100-million/The ETF comes in a wrong moment because at the moment bitcoin's china problems are causing too much attention on the negative. Investors care about that. Especially when it involves a country like china, which is key for bitcoin. If that problem goes away i seen no reason as to why the old ATH will be passed.