The value of a piece of Bitcoin breaks the level of US $ 8,200 or Rp 114.8 million [US $ 1 = Rp 14,000]. Bitcoin value continues cuan since the beginning of last week.
Quoting Coinbase on Thursday (26/7/2018) at 20:45 pm, the price of a piece of Bitcoin reached US $ 8,207 or rose about US $ 736 or Rp 10.3 million compared to the beginning of last week which reached US $ 7,242 or Rp 101 million.
However, the largest cryptocurrency currency in terms of market capitalization has not yet reached its highest level in December 2017 when it touched US $ 19,783.21. Currently, market participants are waiting for a surge or even a further fall in prices.
"Some catalysts will be able to push Bitcoin even higher," said Spencer Bogart, a partner at Blockchain Capital"
The catalysts, among them global trade tensions, the possibility of issuing Bitcoin ETF mutual funds, the strengthening of currency rates, and Mastercard's latest announcement of its newest patent allowing Bitcoin transactions for credit cards.
"Bitcoin is now like something ready to ignite and awaits the right reasons before jumping higher,"
In May, when Bitcoin continued to fall, Bogart said it was the only crypto currency worth buying because more banks and large financial institutions started receiving payments using Bitcoin. He also urges long-term investors to start investing.
Another crypto currency, continued Bogart, could be high but unlike Bitcoin. Meanwhile, according to Him the community itself has only a small selection of crypto money that performs well.
That Bitcoin, then worth US $ 7,400, would weaken before finally strengthening again to at least US $ 10,000 or Rp 140 million, until the end of this year. The value of virtual money was dropped to below US $ 6,000 the next month.