Bitcoin has, yet again, crossed an all-time high, crossing the $12,270 mark yesterday.
Despite many conspiracies against the cryptocurrency, bitcoin has again broken all records touching $12,270 — and it currently stands at $12,180.
Last week, after surpassing $10,000 mark, Bitcoin gained over $500 since the opening on Tuesday — which is a gain of over 4%, overall.
Now, after crossing the $12,000 mark, Bitcoin’s market capitalization has been pushed above $200 billion for the first time since its inception.
Even with the constant rise in bitcoin’s price, people still consider this technology as a ‘bubble’ that could pop anytime soon.
Mike Novogratz at a cryptocurrency conference in New York said,
This is a bubble and there is a lot of froth. This is going to be the biggest bubble of our lifetimes.
Previously, Bellaj Badr, CTO at a specialized startup in the Blockchain Technology Mchain, had also added his remarks saying,
This bubble won’t burst soon … the price will continue climbing to reach a new all-time high level.