The most recent rise, as noted by The Telegraph, came as British payments app Revolut announced it was planning to let users buy and sell cryptocurrencies in European markets.
Ultimately, however, Bitcoin received a boost after an announcement on Friday by the USA derivatives regulator that it would permit CME Group Inc and CBOE Global Markets to list bitcoin futures contracts. The price of a bitcoin token broke the $12,000 mark on Wednesday, and has now smashed the next all-time high of $15,000. However, the low today was at around $11,560, which is basically nothing compared to the total increase day after day.
It zipped past $12,000, $13,000 and $14,000 within the past 48 hours before popping above $15,000 on Thursday morning in NY, according to the tracking site CoinDesk.
According to Coinbase, the one-year change in bitcoin's value is +1421.64%, which means that the currency was worth around $800 last year.
"We think over the next 10 years, this new generation of millennials are going to view trust as a replacement for gold".
Bitcoin is notching new heights every couple of days. Concerns about bitcoin mining's huge energy consumption There are growing concerns, especially among some environmentalists, of the huge energy consumption of bitcoin mining. While this is possible, the derivatives can also be used to make profit as an asset loses value.
For one, Stephen Roach, Yale University senior fellow and the former Asia chairman and chief economist at investment bank Morgan Stanley, told CNBC on Tuesday that he was deeply skeptical of investing in bitcoin. The continuing volatility of bitcoin's price will likely limit its use and acceptance as a currency.