Cryptocurrency expert Joon Ian Wong said: "Even the most ardent bitcoin supporter wouldn’t deny that it’s greatly inflated at the moment in terms of valuation.
source
*Bitcoin’s current price has gained a very tidy 41 percent increase - $3,400 *
THE Arizona Senate passed a bill early this week which could allow its residents in the state to use bitcoin and other cryptocurrencies to pay their taxes. While the measure's success is dependant on both approval in that chamber, as well as any possible settlement required if the House and Senate pass different versions, the successful vote forecasts that the law could come into place.
In January, lawmakers on the Senate's Finance Committee cleared the bill by a 4-3 vote.
But cryptocurrency expert Joon Ian Wong warned bitcoin could still be on track for further falls after experiencing dramatic plunges earlier this week.
One day will come when the whole world people will use Bitcoin or other Cryptocurrency for buying and selling. Day by day Digital currency possession their market widely.