Bitcoin hits $1,600 for the first time

Source: CNBC

“Bitcoin is ‘fully valued’ and could see a pullback in the short term after hitting $1,600 for the first time on Monday, according to one investor, but the price could go as high as $4,000 over the next 14 months. The cryptocurrency has been on an upward move since April and was trading around $1,575.52 by early afternoon trading in London after hitting an all-time high $1,601.05 during morning trade, according to the Coindesk bitcoin price index. In the last 30 days, bitcoin has risen over 33 percent.” (05/08/17)