Bitcoin’s price soared past $68,000 for the first time since July, hitting an all-time high in a move that has jubilant bulls heralding a new trajectory for the cryptocurrency. One thing is certain–the cryptocurrency world is abuzz with anticipation.
While the catalyst behind the price surge remains unclear, some commentators have speculated that the market was simply due for a rebound after a correction in July and August.
Others point to a new wave of institutional investment, suggesting that Bitcoin may finally be gaining mainstream acceptance. A recent bullish tweet from Michael Saylor, the CEO of Bitcoin advocacy group MicroStrategy, has further fueled excitement, with some analysts suggesting that his prediction of Bitcoin reaching even higher has added fuel to the fire.
With the price of Bitcoin now at an all-time high, many are wondering what the potential for further growth is and what factors will impact its future.
