Right now Bitcoin is trading at 8220 USD. Blockchain Capital partner Spencer Bogart believes that Bitcoin is waiting for reasons to go even higher or lower.

Reasons can be different: global trading, the ability to use Bitcoin and ETF and recent Mastercard announcement about a new patent that will allow client to make transactions in this cryptocurrency.

The major digital currency went quite high this week even though it’s still a long way to the record of 19783 USD it hit in December 2017.

In May and March, Bogart said that Bitcoin was the only cryptocurrency that was worth investing in even though the price was going down. However, banks and large financial institutions continued accepting the coin. The analyst encouraged everyone to take the risk while they could. No other cryptocurrency could do it, he said.

On Wednesday, Bogart said that Bitcoin did its best this year already but he still expects it to do even better especially taking into account the fact that it was approved by different authorities.