Bitcoin, the virtual currency, jumped to an all-time record above $10,000 this week on some smaller digital currency indexes and exchanges, but stayed just below that landmark in main trading marketplaces such as Luxembourg-located BitStamp. Established in 2009, bitcoin employs a blockchain database and encryption that allows the anonymous and fast transfer of money outside of a conventional centralized system for payment.
It has jumped over 900% so far in 2017, posting the biggest increase of all asset classes, in the middle of soared institutional requirement for crypto-currencies since mainstream and financial employment has grown. Bitcoin crossed $10,234 on the CEX.IO exchange. It crossed $10,050 on coinmarketcap.com, the crypto-currency index. It smacked a record of $9,968 on BitStamp and recently traded up 1.7% at $9,876.99 on the same day.
It neither crossed $10,000 on US-located digital asset exchange of Coinbase, GDAX, nor it achieved the mark on Gemini Exchange, operated and owned by virtual currency entrepreneurs Tyler and Cameron Winklevoss. “With bitcoin getting close to $10,000, long-time fans of bitcoin lastly feel justified that their currency that has been mocked for years is finally being taken into consideration,” claimed director of blockchain at the U.S. technology firm LOOMIA, Sol Lederer, to the media in an interview.
“Future of Bitcoin is still unsure. It encounters the similar serious technological hurdles it has for years and encounters rigid rivalry from more sophisticated and newer blockchains. But even if it was to collide, it is obvious that bitcoin is here to remain and survive,” Lederer further continued in his statement. In some up-and-coming markets, bitcoin has crossed well more than $10,000. In Zimbabwe, bitcoin did business at $17,875 this week. In exchanges at South Korea, bitcoin was near to $11,000 or more. It did business at almost $11,000 this week on bithumb after crossing the milestone of $10,000 this week.