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Bitcoin surges past $15,000 to trade at all-time high

Jump seen ahead of Sunday launch of Bitcoin futures on Chicago-based CBOE

SI Reporter  |  New Delhi 

Bitcoin, bitcoin

Popular Bitcoin on Thursday soared to a record high, surpassing $15,000, continuing its surge from below $1,000 at the beginning of this year. The surge was seen ahead of the launch of on Chicago-based CBOE coming Sunday.

The move opens the door to added regulation but also more mainstream adoption, as and other derivatives would make it easier to trade in the new asset class.

ALSO READ: With 6700% return so far in 2017, this altcoin has trumped Bitcoin

The had hit a high of $15,340 per unit and a low of $12,662.86, as of 11 am IST, according to Bitcoin’s ascent of over 10 times from below $1,000 at the start of the year has drawn regulatory scrutiny around the world, but some high-profile economists and individuals like Nobel Prize-winning Joseph Stiglitz have batted for the to be outlawed.

Meanwhile, the Reserve Bank of India (RBI) on Tuesday also cautioned "users, holders and traders" of Bitcoins about security-related risks associated in dealing with such virtual currencies (VCs).

ALSO READ: RBI cautions against bitcoins, says use of virtual currencies unauthorised

Bitcoin: Decoding the digital currency

First Published: Thu, December 07 2017. 11:02 IST