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.
The reason why bitcoin value or prize is always increasing that could growth so high is because of the demand of the people who buy and Invest more because the more users to buy bitcoin stock the more it's increase the prize. And as of now we know that bitcoin are become more popular to the people so that the demand of bitcoin are also increasing that take the prize rise so high.