The world's most widely used cryptocurrency bitcoin soared in Asian trade to reach $3000 on several exchanges, as trading picked up steam in India.
In India, young adults aged 18 to 35 have jumped on the bitcoin bandwagon with a hope of gaining lucrative returns, an India Economic Times article read. Even though the currency remains under scrutiny by the government, a flood of positive news in the bitcoin ecosystem, including Japan's acceptance of the currency and its ever-climbing price point.
Bitcoin's price increased in a day from $2600 to $3000 and the increased volatility is very lucrative for speculative investors. What may look like a bubble is probably just a sign of the currency gaining in popularity, according to a Russian think tank.
it will soon reach 3000 in coinbase. maybe more
Source: http://www.teletrader.com/bitcoin-soars-to-all-time-high-of-3000/news/details/39107839
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