Bitcoin is the world's largest cryptocurrency and it's currently enjoying its time under the spotlight again. The digital currency just topped $30,000 for the first time ever. This is just weeks after passing another major milestone.

Bitcoin has been seeing some massive gains over the past couple of weeks and it gained almost 6-percent yesterday to reach nearly $31,000. That's an insane number to hit and we're sure cryptocurrency enthusiasts are going crazy about it right now.

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Bitcoin breached $20,000 in December last year and now we're seeing this number which is huge. Following the increase in its value, the cryptocurrency space, in general, is seeing a lot of movement. The enthusiasts are dropping in a lot of money in Bitcoin and other currencies in this space.

Bloomberg Intelligence commodity strategist Mike McGlone noted that Bitcoin has increasingly been “embraced in more global investment portfolios as holders expand beyond tech geeks and speculators.” Analysts have even predicted that Bitcoin may eventually touch about $400,000.

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Obviously, that number isn't going to get here overnight and there's going to be a lot of external factors involved. But we won't be surprised if that ends up being the case. We'll be keeping an eye on Bitcoin and other cryptocurrencies in this space and keep you updated with any new info we have.

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