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.
"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.