Bitcoin has no turning back from 2000 to 2300

     Bitcoin prices soared further in the Asian session on Friday (October 30), continuing its recent strong performance.

     The quotes released by BITSTAMP show that Bitcoin/ US dollar (XBT/USD) soared from below 305 yesterday to approach the 320 level, and further soared to the 330 level in the Asian session of this trading day.

(Bitcoin/US dollar time-sharing chart Source: Bloomberg, FX168 Financial Network)

     The quotes released by KRAKEN showed that Bitcoin/ Euro (XBT/EUR) soared from 275 to 290 yesterday, and further rose to above 295 in the Asian session of this trading day.

(Bitcoin/Euro time-sharing chart Source: Bloomberg, FX168 Financial Network)

     The quotes released by Huobi.com show that Bitcoin/ CNY rose from around 1956 to around 2100 yesterday, and further rose to 2315 in the Asian session of this trading day, and then retreated to around 2190.

(Bitcoin/RMB 30-minute chart Source: Huobi.com)

     The price of Bitcoin has been rising strongly recently, with almost no sign of turning back. In particular, the price of Bitcoin denominated in RMB has risen to 2,300 after easily standing above the 2,000 mark. It seems that a 10% increase is as easy as taking something out of a sack for Bitcoin.

     Cathie Wood, CEO of Ark Investment, believes that Bitcoin has the same broad prospects as the Internet, or even broader prospects than the Internet.

     At 13:11 Beijing time on October 30, Bitcoin/USD was 330.54, Bitcoin/Euro was 296.15, and Bitcoin/RMB was 2202.00.