As of now Bitcoin seems to be unstoppable. Some people had predicted that it will reach US$10,000 by the end of 2017. But by 1 December, 2017, it had already gone passed that price. Now, it has ripped past US$14,000.

There is always an ongoing talk that Bitcoin is a bubble and it will pop very soon.  The skyrocketing interest in Bitcoin is, however, showing that it might actually take much longer for this bubble to burst. Some analysts are attributing the current rise in the price of Bitcoin to South Korean speculators and news that bitcoin derivatives will be sold in the U.S. by next week.

At some Bitcoin exchanges in South Africa, Bitcoin has already passed US$17,000. If this momentum continues, Bitcoin will surge past US$20,000 before Christmas. The number of Bitcoins is limited to 21 Million. As demand for Bitcoin grows, the price has no choice but to go up!

Buying and keeping Bitcoin promises to be a better investment than keeping your money in the bank. Bitcoin was worth US$1000 at the beginning of the year. If someone used US$1000 to buy 1 Bitcoin in January, 2017, that Bitcoin would be worth US$14,000 or more today. This is way beyond what any bank can offer this kind of increase!!!

Bitcoin is, however, volatile and we really never know how the situation will pan out in the future, especially with the ongoing interest from the regulators. I usually advise that one must invest only those monies which they are willing to lose should there a problem.