Bitcoin crosses $870 mark, breaches all-time high market cap level

For the first time in close to three years, bitcoin crossed the $800 mark. And it didn’t stop there.

Remember when hedge fund manager Kyle Bass, who predicted the 2009 economic crisis, made a prediction that bitcoin may hit $850 soon? Well, it appears that bitcoin has already surpassed Bass’s predictions.

On Thursday, the digital currency traded at a high $874.98 with a trade volume of 13.6 million.

“Bitcoin has just breached its all-time high ‘market cap’ level. All bitcoin in existence is today worth a total of $14 billion,” investor Alistair Milne said in a tweet.