Bitcoin skyrockets into stratosphere smashing $7000 level

Bitcoin Surges as CME Plans to Introduce Bitcoin Futures

Bitcoin moves toward financial mainstream with futures contracts

Previously, on 29 October, just over a week after pushing past the $6,000-mark for the first time, the world's first cryptocurrency rose to a high of $6,306.58 on the CoinDesk Bitcoin Price Index at 20:30 UTC.

Still, analysts have remarked that the increase comes at a time when bitcoin has never been more visible in the public eye, with business leaders and investment luminaries now discussing bitcoin on an nearly daily basis.

According to Kay van Petersen, a Saxo Bank analyst, in the next decade, each unit of bitcoin will be worth $100,000.

The most noticeable gainer of the recent surge was - no surprise - Bitcoin.

Since November 2016, CME Group and Crypto Facilities Ltd. have calculated and published the BRR, which aggregates the trade flow of major bitcoin spot exchanges during a calculation window into the U.S. Dollar price of one bitcoin as of 4:00 p.m. London time.

The cryptocurrency market hit a new record high today, with a total valuation of over $187 billion.

Speculators believe that Bitcoin futures are not the only reason behind the Bitcoin surge. The whole tremendous run was a good sign that most coin enthusiast and the market have been shrugging the "fork" news and bonanza.

According to a poll conducted by the CNBC broadcaster, almost half of some 23,000 people think that Bitcoin will surpass the price of $10,000 per coin.

"Whoa. PayPal guy & @xapo @wences: only buy the #bitcoin you can afford... and predicts it will hit $1 million in 5-10 yrs #consensus2017". Just like gold futures, Bitcoin is looking to enter the same market all thanks to the CME Group. Given the rate at which it's growing, anything is possible.

The world's most popular digital currency is on a record-breaking marathon.

These contracts are important steps toward integrating bitcoin with the global financial system. As long as demand for it remains, it will continue to grow and as its value does, so too will future price predictions. She has a keen interest in the blockchain space and the use cases the technology is being in and is excited to see what new changes the distributed ledger brings to our day-to-day lives.

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