The price of bitcoin has risen 116% since the beginning of the year, approaching the high level of $61.781 recorded on March 13th this year, reinforced by the discussion about its limited offer and wider acceptance.
Bitcoin “climbed” on Saturday, April 10th, to $61.222, which is the highest level of the month and very close to its high record.
Bitcoin’s staggering profits this year are driven by its acceptance by institutional investors as an investment and payment instrument, amid investments by small investors in stocks and other riskier assets.
Where will its price go? We don’t know for sure, all we can do is sit back and watch…