Bitcoin reached $4135 today

Bitcoin touched the previous US$4,000 or 24-hour record traded below US$3,700. About an hour ago it jumped past US$4,000 and had no signs of stopping. It is now trading around US$4,135.00 and a few hours ago it fell slightly to US$4038. A week ago Bitcoin hit an all-time high when it reached US$3,000 for the first time.

Two weeks ago Bitcoin passed a fork and Bitcoin Cash was created. A few days later Bitcoin was locked in SegWit as a code modification to fix the problem of slowness and provide more space in the blockchain to accommodate more transactions.

Bitcoin shot up also triggered by ICO where Filecoin last week garnered US$180 million in hours. Most investors should convert fiat currency into Bitcoin or other crypto to participate in ICO that can raise prices.

By crashing into this latest milestone, Bitcoin has jumped more than 300% year on year, rising from less than US$1,000 earlier this year to break the key price levels of US$2,000, US$3,000 and US$4,000.

Over the past few months, the media has produced many stories about "Bitcoin millionaires" and the sharp gains that everyday investors can make if they buy bitcoins at the start and hold innovative assets until this year.

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