The world’s most popular cryptocurrency - Bitcoin - seems to be on an unprecedented winning streak. The asset has already increased ten times in value in 2017 alone. After surprising everyone this weekend by reaching the level of $10,000, it has now surpassed that. Analysts are making the case that Bitcoin might touch the level of $12,000 before the year’s end.
Investor interest in Bitcoin and other cryptocurrencies such as Etherium or Litecoin has been instrumental in pushing financial institutions to accept cryptocurrencies. There are prospects for placing cryptocurrencies in the category of securities traded on the financial markets. In addition, businesses and banks are becoming increasingly open to payments via Bitcoin.
While there is still some uncertainty associated with cryptocurrencies as it pertains to their liquidity, their consistent growth is proof that they will remain an important part of the financial sector and an instrument that will continue to develop in the future.
