Looks like $2000 is much closer than we thought.
But I do expect a small bubble to burst for adjustment.
Get ready for some good catch!
Bitcoin surges above $1,500 to record as more investors bet on ‘digital gold’
Bitcoin surged further into all-time high territory Thursday as investors bet the digital currency will gain even greater acceptance globally as a store of value and an investment vehicle.
At one point, bitcoin rose more than 5 percent to a record $1,568.59 before retreating slightly, according to CoinDesk. Data from TradeBlock showed some other exchanges had bitcoin above $1,600.
New interest in the currency out of Japan was the cause of the latest short-term upward move, traders said.
“Bitcoin can be thought of as digital gold,” said Brian Kelly, founder of BKCM LLC and manager of a digital assets hedge fund. “The upside for bitcoin is so much higher than upside for gold, in my view.”
Gold Futures …..
Full article : Bitcoin surges above $1,500 to record as more investors bet on ‘digital gold’