Bitcoin has surged by over 1000% in 2017 to reach a record-breaking value. No other crypto-currency has ever achieved such levels. Increased investor interest in Bitcoin on Thanksgiving holiday made the digital currency to surpass $10,000 level for the first time.
The rise in bitcoin value resulted in mixed reactions from different financial experts and the general public. There are numerous claims emerging about the cryptocurrency being a bubble after breaking the $10,000 level. Amid bubble rumours vice president of Coinbase Inc, Adam White disagrees with the perception that bitcoin is a bubble.