14 DAY TRIAL // In the past several weeks, Bitcoin has managed to surpass any expectations anyone might have had for the digital currency when it first started out. Now, however, one Bitcoin is selling for $2,069, making for a historic moment.
For the first time ever, the digital currency has managed to surpass the $2,000 milestone after climbing rapidly for the past few weeks. It has been historic level after historic level for a lot of weeks now, as the digital currency becomes more and more attractive to investors who are put off by the political issues affecting traditional currencies.
CoinDesk quotes Arthur Hayes, CEO and co-founder of BitMEX, leveraged digital currency platform, who believes that once Bitcoin surpasses the $2,000 mark, the rate of price appreciation will accelerate dramatically.
Similarly, Charles Hayter, co-founder and CEO of CrytoCompare, believes that Bitcoin hitting $2,000 is an important milestone as a psychological level, and it will generate further interest which could boost the price even further.
An increased interest
Bitcoin has gone through a sudden fame hike following the worldwide WannaCry ransomware attack. If until now Bitcoin was something tech-savvy people knew about, now the entire world has found out about it because the hackers behind the ransomware required the payment to be made in the digital currency, so it would be harder to track.
Google Trends data shows that online searches for the word "bitcoin" are heading for the all-time high set back in November 2013. While the numbers are still not there, they're inching closer to the maximum value. 100 represents the maximum point, with the value reached this past week hitting 89.
It will be interesting to see where the Bitcoin price will go from here and how much more it will grow. Bitcoin has been known to be quite volatile, its price would go down and up, rinse and repeat. Now, however, thing seem to only be going up.