Bitcoin notched its latest all-time high of the year last month when it went over $68,000 for the first time. By early December, it had dropped back below $46,000.
This latest high point is a huge increase for Bitcoin’s price after starting the year below $30,000 in January. Its price fluctuates wildly by the day and even by the minute. Bitcoin’s price has ranged from below $46,000 to above $58,000 this month. Its price came into this week just below $50,000, before dropping Monday to below $46,000.
Despite the volatility, many experts say Bitcoin is on its way to passing the $100,000 mark, though with varying opinions on exactly when that will happen. The volatility is nothing new, and is a big reason experts say new crypto investors should be extremely cautious when allocating part of their portfolio to cryptocurrency.
Bitcoin has shown as steady a rise in value over the years as any other cryptocurrency on the market. It’s only reasonable for Bitcoin investors to be curious about how high it can ultimately go.
