Digital currency Bitcoin has hit a new record high of more than $50,000 (£36,000).
The so-called cryptocurrency created by an unidentified researcher has increased by about 72 per cent this year.
Bitcoin and other cryptocurrencies are created by computers. A part of its so-called value comes from a limited number that can be computerized.
But regulators have warned that they are dangerous, as their value can change rapidly, both lower and up.
Bitcoin gained much of this year after Elon Musk’s Tesla bought $1.5bn of them.
Supporters say bitcoin could act as a store of value, like a digital version of gold.
“If this story is successful, the growth potential is $50,000 per bitcoin, which is about 9 percent of gold,” said John Wu, chairman of the blockchain company.
“If BTC completes the gold market cap it will be at least $500,000 per bitcoin.”
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Central banks are printing currency as if it is not tomorrow.
Gold hit a 2010 high.
Bitcoin has already transistorized as much as $40,000.
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