Bitcoin's pricehas remained largely around the $4,000 mark over the last three weeks, but experts remain divided about the price hitting $5,000.

It soared to a record high of $4,500 on August 18, with prices jumping 40 per cent in this month alone, a positive response to cryptocurrency splitting into two different currencies.

An offshoot called Bitcoin Cash was created following a split between bitcoin backers on how to take the currency forward, in an event known as hard fork.

The real impact of the split on prices will be seen in November, when a fundamental change to operating the cryptocurrency will take place.