Bitcoin to the moon? Some crypto data experts certainly think so. 

The price of Bitcoin is currently at $72,880, data from CoinGecko shows. Earlier on Wednesday, it hit another new all-time high price of over $73,600 per coin, continuing a recent string of upward surges.

The new heights are down to the continued success of the spot BTC exchange-traded funds (ETFs), which are receiving record inflows amid rising demand from traditional investors. Bitcoin is said to be in price discovery mode right now, which means that the cryptocurrency has reached an all-time high price and now is charting new territory.

When will it stop?

It’s still got a long way to go, experts told Decrypt. But just how high depends on various factors and which valuation model an analyst uses.

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Author: Mathew Di Salvo

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