Bitcoin reaches new heights

For an academic experiment using open source code in 2009 to reach a staggering market capitalisation of $300bn is quite an achievement whereby this year alone the cryptocurrency has had an 869% percent increase in its value. The meteoric rise is attributed mainly to the technology sector gaining mainstream acceptability and usage. Bitcoin’s rise has not left asset/fund managers disinterested as they increasingly begun to take note. Still, bankers claim that Bitcoin’s success is just a bubble that will one day, burst and central banks ought to regulate it so that they will not be blamed when the crash occurs.