Bitcoin hits another record high as it climbs above $5 000

Japan Emerges as the World's Foremost Hotbed of Bitcoin Trading

Since the start of 2017, the value of the cryptocurrency has increased by 500% this year.

Most merchants that accept crypt coins as a mode of payment prefer Bitcoins over other cryptocurrencies.

That said, Goldman Sachs is reportedly considering offering bitcoin trading and even China is considering easing restrictions of the cryptocurrency.

Today, however, the bitcoin price continued to swell after piercing the psychologically-important $5,000 barrier and setting a new all-time high.

"People are just wanting to be part of it", said Ryan Nettles, head of FX trading and market strategy at Swiss bank Swissquote, which launched bitcoin trading two months ago.

VP Pence leaves NFL game over national anthem protest
Colts players wore T-shirts drawing attention to equality and justice and stood with their arms locked during the anthem. Instead, Pence spent most of Saturday honoring victims of the Las Vegas shooting before returning to his home state.

Professor of economics and public policy at Harvard University, Kenneth Rogoff, expects the price of Bitcoin to collapse.

Bitcoin's valuation has surpassed $5,000 for the first time on Thursday.

Russian Federation becomes the third major economy in the span of a month to put the clamps on cryptocurrency.

Though there have been many warnings about a bitcoin "bubble", including from European Central Bank Deputy Governor Vitor Constancio, some say it has much further to climb.

Bitcoin continued higher on Wednesday, approaching its best levels since early September as investors disregarded Russia's attempt to curb cryptocurrency exchanges.

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