Bitcoin reaches record value of $ 1,700

Bitcoin has reached its highest value to date after exceeding $ 1, 700 for the first time in history.

This cryptocurrency has broken its previous records thanks to a considerable increase in demand, along with the creation of new fundraising tokens for start-ups using blockchain technology, as reported by Coindesk.

Bitcoin beats its own records

Blockchain (also known as blockchain) is the technology behind Bitcoin and is basically a financial system maintained by a network of computers that can track the movement of any asset without the need for a central regulator. This is essential since the main attraction of Bitcoin and other digital currencies is the anonymity that it provides to users.

Bitcoin has not only exceeded $ 1, 700, but has reached $ 1, 774 last Tuesday, so it is on track to reach new milestones. So far, the cryptocurrency has grown by leaps and bounds, especially in the last year, since at the beginning of the year its value was only about $ 900.

According to data from coinmarketcap.com, Bitcoin's market capitalization topped $ 52.5 billion this week.

Over the past few years, Bitcoin has become the dark web's favorite currency, but also for users who have wanted to make somewhat more risky investments. The fact that Bitcoin's value is volatile doesn't seem to bother many people.

Some believe that thanks to this new record in value, Bitcoin could be engulfed in a bubble with the potential to push its value even higher.

But one thing that industry analysts and experts don't foresee anytime soon is a drop as significant as the one we've seen earlier in the year. Although certain fluctuations are expected, the value of Bitcoin in the long term will remain very high.