From Coindesk
The price of bitcoin has pushed back above $17,000, hitting a new all-time high on CoinDesk's Bitcoin Price Index (BPI).As of press time, the BPI had climbed as high as $17,382.64, beating the $17,364.56 reported previously on Dec. 7. As previously reported, that day saw significant price divergences among exchanges, leading to spreads in excess of $1,000 between the world's various marketplaces for bitcoin.
According to the BPI, the price of bitcoin has surged more than $2,000 today, a development that comes less than a day after options exchange CBOE first commenced trading of its initial bitcoin futures products. Data from CNBC indicates that the contract scheduled to expire in January is trading at $18,670 as of 3:38 p.m. EST.
Bitcoin's demand is outpacing supply and this puppy is headed for $20K soon.
Leave your thoughts in the comments below.
my projection is that it will hit $25000 by the end of the year, the way things are going it seem unstoppable