We recently commented on the future of cryptocurrencies - previously looked down upon with skepticism from financial specialists, cryptocurrencies are now gradually being introduced as securities and are becoming just another asset available for investment on the financial markets. This type of broad recognition has been instrumental in providing support for the cryptocurrency that started it all - Bitcoin.
Bitcoin made news a few weeks ago by surpassing the level of $8,000, but then retreated to trade lower around $6,500. However, over the weekend Bitcoin marked a new record high at $9,721. The asset is currently approaching the level of $10,000.
With cryptocurrencies accepted in some countries as a regular payment method and with the increased regulation that would come from treating them as securities, it is no wonder that people are optimistic about their future. Analysts suppose that Bitcoin, together with other assets such as Litecoin and Ethereum, would only get more and more popular among traders and investors.
