"This is very much a bubble that will very much correct itself at some point and people need to be very careful. "Hileman, who last week gave a lecture to the Bank of England on the risks of bitcoin and other cryptocurrencies, also flagged the risk of the whole market collapsing entirely. "Who is to say it doesn't reach $100,000? "In some emerging markets, bitcoin had hit well over $10,000 previously. In Zimbabwe, bitcoin traded at $17,875 on Monday.

Source: Economic Times November 29, 2017 17:15 UTC