Bitcoin "could hit $6,000" by the end of the year, says experts

CNBC has revealed that experts believe bitcoin could go as high as $6,000 by the end of the year, but investors should be wary of volatility.

Thomas Glucksmann, head of APAC business development at Gatecoin, said in an email: "Throughout the year, we have predicted bitcoin to surpass the $5,000 mark and reach closer to $6,000 by year's end."

Meanwhile, Goldman Sachs CEO Lloyd Blankfein has revealed that he is "still thinking about bitcoin" in a tweet that compares the current situation to a new wave of mainstream currency.

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"I'm not outright endorsing or rejecting bitcoin," tweeted Blankfein. "Just know that folks were sceptical when paper money displaced gold."

However, bitcoin hasn't been receiving rave reviews from all - JPMorgan CEO Jamie Dimon called the digital currency a "fraud" that will "blow up."

"Anyone trading in bitcoin at JPMorgan would be fired in a second - it's against our rules and it's stupid," said Dimon.

This is despite the bank routing customer orders for bitcoin-related instruments and acting as an agent for buyers and sellers of bitcoin.

Dimon's comments caused bitcoin to fall to $4,106, but it has since traded at $4,450 - currently, it is trading at $4,219.