Bitcoin rises above $6,000 to hit a record high of $10,000? Is this not a dream?

After a day or two of volatility, Bitcoin quickly resumed its upward trend since the beginning of this month, and some people expected it to rise above $10,000.

Data from Bitcoin trading platform Bitstamp showed that the Bitcoin price broke through the psychological barrier of $6,000 on Friday, setting a new record high and rising by more than 5% on the day. At the beginning of this year, the Bitcoin price was less than $1,000.

Subsequently, Coindesk data also showed that Bitcoin broke through the $6,000 mark.

According to the results of a CNBC survey released earlier this week, 49% of the 23,118 respondents voted that Bitcoin will rise above $10,000. Some market participants have recently predicted this.

For example, former hedge fund manager Michael Novogratz said last week that Bitcoin is expected to exceed $10,000 in the next six to ten months.

Novogratz himself will set up a $500 million fund to invest in cryptocurrencies. CNBC said at the time that he would invest $150 million of his own money in the Galaxy Digital Assets Fund and planned to raise the remaining $350 million by January next year.

After breaking through $6,000, Bitcoin's market value has approached $100 billion, surpassing Goldman Sachs on Friday. At 23:51 Beijing time, Goldman Sachs' market value was $98.0779 billion.

Last Friday, Wall Street Journal mentioned that the market value of Bitcoin exceeded US$90 billion for the first time, leaving Morgan Stanley and Goldman Sachs behind, and it will be the 15th largest component of Nasdaq by market value.

Some media pointed out that digital cryptocurrencies rose across the board in North America on Friday morning thanks to panic demand in Zimbabwe and the Catalan crisis in Spain.

Wall Street News previously mentioned that the Spanish central government said on Thursday that it would lift the autonomy of the Catalonia region, a move that could lead to a further deterioration of the situation in Spain. Risk aversion in the global market intensified, and European stocks fell collectively after opening that day, and spot gold rose above $1,285 during the session.

The Catalan regional government did not make a final statement on the "ultimatum day". The Spanish central government will discuss the recovery of Catalonia's autonomy this Saturday. For the market, the worst outcome is that the Spanish central government and Catalonia will be deadlocked in the coming weeks or even months. (For more analysis, see "Reading the News | Quick Comment on the Spanish Chaos: Finally reaching this point, market turmoil is inevitable")

In addition, CryptoCoinsNews, a digital currency industry media, quoted the UAE media The National as saying that Zimbabwe's economic situation is bleak, economic uncertainty is high, and the local Bitcoin transaction price is close to $10,000, which is about 70% higher than the global average. Zimbabwe's Bitcoin buyers are not only individuals, but also companies.

Controversy continues to grow

Bitcoin has continued to rise sharply this year despite regulatory actions taken by China, South Korea and Russia, and Wall Street institutions have been constantly controversial about it.

Just last Friday, when Bitcoin broke through $5,800 for the first time, JPMorgan Chase CEO Jamie Dimon, who claimed to be "silent" the day before, broke his promise and criticized again. Dimon said last Friday that people who are stupid enough to buy Bitcoin will eventually pay the price. He also said with BlackRock CEO Fink that the real value of Bitcoin is crime and money laundering, and predicted that Bitcoin will be banned sooner or later.

A month ago, Dimon dismissed digital currencies such as Bitcoin as a "scam" and said that any trader who trades Bitcoin should be fired for being stupid.

Shortly after Dimon denounced Bitcoin, last month Marko Kolanovic, head of JPMorgan Chase's global quantitative and derivatives strategy department, nicknamed "Gandalf of Wall Street," released a research report characterizing Bitcoin as a pyramid scheme. He believed that Bitcoin could not be accurately valued without the support of the "real economy" and was vulnerable to regulatory crackdowns or bans.

With Dimon's bearish remarks, Bitcoin once fell below $3,800 last month. Wall Street News later mentioned that Dimon is the "shadow president of Wall Street" who frequently goes in and out of Washington after Trump took office. Whether his remarks represent a shift in the US regulatory attitude is worth speculating. (For more views, see "Reading the News | "Shadow President of Wall Street" speaks better than the government? What is the pain of Bitcoin?")

However, Bitcoin rebounded strongly this month, and basically recovered all the losses since Dimon called Bitcoin a scam and China closed Bitcoin exchanges at the beginning of this month. Earlier this month, the media also broke the news that Goldman Sachs was considering trading in digital currencies such as Bitcoin, becoming the first Wall Street giant to prepare to directly trade digital currencies.

However, Bitcoin began to fall on Tuesday this week, approaching $5,100 during trading on Wednesday, down more than $500 from its early morning high in Asia. Its intraday decline exceeded 8%, marking the largest single-day drop this month. The decline has since narrowed and returned to above $5,500.

Wall Street Journal previously mentioned that some media believed that Bitcoin's performance on Wednesday may have been affected by the US regulators' statement that it could be included in commodity regulation.