by Jeff Berwick, The Dollar Vigilante:

It seems like barely a day goes by without bitcoin rising $100, $200 or more.

It was only three weeks ago that we trumpeted that bitcoin had hit a new all-time high above $1300.

A few days later we were thrilled when it broke $1,400.

The very next day we livestreamed on Youtube for our bitcoin $1,500 party.

Five days ago bitcoin hit $1,900.

The next day it broke the $2,000 mark and I broke out the champagne, cigars and my 1980s era rap skills (see video for more).

Then two days ago it broke through $2,200.

And now, today, bitcoin has surged past $2,500!

Bitcoin has now doubled in price in just the last month.

Everyone is asking, how high will it go?

Well, we wouldn’t be surprised if it is down for at least a little while. This has been an absolutely stunning move higher that added more than $20 billion to bitcoin’s market capitalization.

Those looking to buy large amounts should be at least somewhat cautious. Nothing goes up forever.

And, especially considering bitcoin is having serious growing pains right now. A few bitcoin transfers I attempted earlier this week took three days to go through due to massive congestion as bitcoin popularity soars.

And its popularity has absolutely exploded and has never been higher as Google Trends can attest.

Read More @ TheDollarVigilante.com