Bitcoin prices have been on a tear over the past 12 months, but one bullish market watcher says it could hit stratospheric levels in the next 10 or 15 years


“I was talking to institutions and just a few months back some were skeptical for whatever reason, now that this thing has shot up, now they are ready to listen and they are ready to buy [bitcoins],” Lamoureux told MarketWatch.

On Thursday, a single bitcoin BTCUSD, -8.30%  surpassed the record level of $2,700 before retreating back to around $2,462.57 in recent trade. That swing, perhaps, highlights the volatility inherent in the digital currency that has reclaimed the world’s attention three years after spectacularly