Bitcoin Rose More Than 1,300 Percent This Year. Is This a Bitcoin Bubble?

Bitcoin is rounding off 2017 in fine form, breaking new ground in terms of its value. The cryptocurrency is now worth almost fifteen times what it was this time last year.

Bitcoin is continuing to break records as we near the end of 2017. At the time of writing, its price is $10,726.45 – up a whopping 1,345 percent from its value as of this time last year, $742.01.

The cryptocurrency broke the $10,000 barrier on November 28, becoming one of the world’s 30 largest currencies of any kind. Its value then rose by another $1,000 in just one day, before dropping back down again as the market responded.

Bitcoin certainly seems to be on the up-and-up, and in recent months we’ve seen various analysts backtrack on earlier predictions that the currency would have already faltered. That being said, there’s still ample reason to exercise caution when it comes to buying in…

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