Bitcoin price hits $7,000: why is it rising so high?
02 Nov 2017

The cryptocurrency Bitcoin reached a new high on Thursday (November 2) when it surged past the $7,000 (£5,278) barrier and peaked at $7,355.35 (£5,604.04).

Jordan Hiscott, chief trader at social trading platform ayondo markets, believes that bitcoin’s rapid growth model is a sign of shifting paradigms in the world of finance.

He told Express.co.uk: “We are in an age where technology is changing the dynamic of the business world.

“Older, traditional organisations are seeing their long-held dominance challenged by ‘disrupter’ companies.

“For me, it’s no surprise that another disrupter, this time in the form of an asset or currency, is picking up speed.”

If bitcoin’s upward trajectory in the markets continues, traders could expect to see these prices by the end of the month or start of December.

We are in an age where technology is changing the dynamic of the business world.

– By Sebastian Kettley, Express.co.uk

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