Shortly after jumping to $63,753 and sending ripples across the Bitcoin investment community, Bitcoin took another upswing and landed at $64,536.30.
The currency beat all previous records and definitively crossed the mental threshold of $60,000, as the Coinbase exchange prepares to become a publicly-listed company.
Further corrections may bring the currency down but as Bitcoin elicits more involvement from institutional investors it is believed the volatility will reduce and become less risky.
Analysts predict BTC to hit $100,000 by the end of the year. If you ask The Simpsons though, the currency is headed for “infinity“. Meanwhile, Coinbase's public launch is coming today with the reference price set at $250.
Commenting on the IPO, Swissquote analyst Ipek Ozkardeskaya said: “Coinbase's debut will mark the first official juncture between the traditional financial avenue and the alternative crypto path”.
Bitcoin is only likely to keep increasing given interest in the currency from the likes of JPMorgan and Morgan Stanley, Tesla and PayPal. If you are looking to spend some Bitcoin in a fun way, we recommended heading to Bitcasino, FortuneJack, and 1xBit.