Expert explains theories behind Bitcoin surge...
Bitcoin prices reaches reached £7,529.77 ($10,009) on the CEX trading platform earlier today, before slightly dipping in value.
Since the start of the year, the cryptocurrency has achieved the incredible feat of increasing more than 1,000 per cent in value.
But despite the incredible growth, economists are still apprehensive of the tokens inherent volatility and signs it could be a price bubble.
Just two weeks ago, bitcoin investors took a hit when the tokens prices plummeted over 20 per cent before bouncing back.
One of the reasons for soaring the price of bitcoins is people who keep buying bitcoins. So the price of bitcoins is rising. Especially today the growing number of people are gaining interest in the so-called Gold on the Internet. So it will not be long before the price of bitcoins will increase further. And I'm sure that bitcoins will be accepted by large companies that will really speed up the price hike.