The price of Bitcoin is expected to reach $6 for the first time this year, with the digital currency set to surpass the $5,000 mark by the end of the year.
Bitcoin, the digital digital currency created in 2009, has surpassed the $1,000 level in just over two years.
The price of Bitcoins surged to over $1 000 last year, making it the first digital currency to achieve this milestone.
The latest price of a Bitcoin on Coinbase, a cryptocurrency exchange, has soared to over US$6,400.
A year ago, Bitcoin was worth around $1.4 million.
However, the currency has seen significant growth in recent years, thanks to Bitcoin’s rapid rise in popularity.
The average Bitcoin price has jumped from $1 US$1 to over U$6 000 since March 2017.
The crypto-currency has also seen a surge in adoption.
It has been adopted by people all over the world, with over 80 percent of Americans using it to pay for goods and services.
The bitcoin market is expected continue to be volatile in the coming months, with some analysts saying it is possible Bitcoin could fall back below the $6 million mark in the near future.