Digital gold? Bitcoin has exceeded $ 10,000, experts say it could exceed 15,000

The price of bitcoin soared today, reaching its highest level in two months and breaking the long dormancy of the value of the world's main cryptocurrency.

"The most influential cryptocurrency has crossed the $ 10,000 threshold, and now all eyes are on the $ 10,500 level," said Nigel Green, CEO and founder of the deVere group. Namely, the spot price of bitcoin BTC/USD jumped 4.58 percent to $ 10,237, which is the highest level since January 1, while futures on bitcoin BTC.1 were traded on the CME group at $ 1,335, the highest level since June 2, according to FactSet .

Such a move by the digital currency has spurred a jump in gold prices, due to investors racing for assets that are considered an alternative haven for capital over cash or stocks because the coronavirus pandemic has plunged the entire developed world into a deep recession. Gold prices soared, reaching $ 1,941.9 an ounce at one point. While the prices of gold and bitcoin reached the maximum, the dollar fell the lowest since 2018. The dollar index of the futures exchange DXY fell 0.7 percent to 93,736 points. Some digital currency traders believe that bitcoin is starting to be used by the wave of nervousness in the market, which has boosted the price of gold, but with a certain delay. "Bitcoin currently has a reputation for digital gold. Until now, gold has been known as the ultimate safe haven for capital, but bitcoin, which shares with it the features of rarity and scarcity in it - has the potential to knock gold off its pedestal in the future as the world remains more technology-oriented, ”Green says. Bitcoin's short trip over $ 10,000 in June didn't mean that much, but some investors are now betting that those assets could exceed $ 15,000 or more. "The price has exceeded $ 10,000, which is an important psychological limit," says Naji, Aslam, an analyst at Avatrade. "If the price of bitcoin maintains momentum, nothing will be able to compare with it, because bitcoin is a special thing. We believe that the next limit for bitcoin is $ 15,000," he added.