Despite naysayers, bitcoin continues to seemingly defy all odds. And, while people have been looking past bitcoin as the vehicle that will prove to the consumer that cryptocurrency is a viable long-term currency solution, maybe they have been wrong.
The bitcoin price hit an all-time high of $5,231.28 in early trade on Thursday, according to data from industry website Coindesk. This surpassed the previous high of $5,013.91 hit on September 2. Bitcoin is now up around 424% year-to-date.
Investors appear to have shrugged off much of the negative news from regulators around bitcoin.
Are you using bitcoin already, or plan to do so in the near future?
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