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2016-12-26 12:14

Bitcoin has reached its highest mark since February 2014. Some users believe the uptrend to continue and possibly even surpass an all time high of $1100.

The first cryptocurrency to ever exist faced a rollercoaster year after facing political, technical and financial problems and has been an uptrend for the past few months.

One of the reasons for it could be the election of the 'underdog' Donald Trump in the United States, his upcoming rivision of international trade deals and his examination of profits of foreign companies in the US could possibly have quite some impact on the market and could change the US dollar valuation against other currencies. Also the decreasing value of the Chinese currency and the economic changes of other countries all over the world impacted the cryptocurrencies' valuation.

Overall it has been a good year for Bitcoin and it proofed to surpass and survive any problems so far.

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