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$16,000 and Climbing: Bitcoin Price Achieves New All-Time High, is There a Limit?

“The global average bitcoin price across major markets including the US, Japan, South Korea, and Europe has surpassed $16,000, peaking at $16,422” writes unknown author for cryptocoinsnews.com. With CBOE’s bitcoin futures exchange launch merely two days ahead, the demand for bitcoin from the traditional finance market and institutional investors is skyrocketing.By the current price trend of bitcoin, unless a major price correction occurs, the price of bitcoin will be able to continue surging towards $18,000 throughout the upcoming weeks.Some of the market’s largest hedge funds including the $95 billion Man Group plan to invest in bitcoin upon the launch of a major bitcoin futures exchange.Over the next few weeks, especially through the launch dates of CBOE and CME’s bitcoin futures exchanges and the holidays, the price of bitcoin will likely continue to surge.
 
Source: cryptocoinsnews.com



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