The popular cryptocurrency bitcoin began 2017 by climbing above the $1,000 level for the first time in three years. Bitcoin is currently trading around $1,020.
Cryptocurrency experts predict the price of Bitcoin will continue to rise in 2017 as more people use the digital currency.
In late 2013, Bitcoin soared to above $1,100. It then fell to below $400 following a hack of a virtual currency exchange in which numerous coins were stolen. Bitcoin’s price has been rising since 2015.