After an ugly start to the year for Bitcoin — it hit as low as $US3,436 ($5,099) in early February — the market has turned right around, running back into five figures for the first time since early 2018.
And while we have seen time and time again stocks, commodities and currencies crash from a bubble, one expert believes $US10,000 is the “new normal bottom”.
He also reckons it could soon jump to new all-time highs of $US15,000.
Bitcoin’s record high is $US13,800, which it hit in late 2017, but over the ensuing 14 months it lost 75 per cent of its value.
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