Cryptocurrencies and the Bitcoinwere pushed to the mainstream. Despite their volatility, it is now beingsuggested that these might be safe haven assets.

Nigel Green, CEO of deVere statedrecently, "We are already seeing that the U.K. and international investorsin U.K. assets are responding to the Brexit-fuelled uncertainties byconsidering removing their wealth from the U.K.," said Green. "Onesuch way that many are looking to diversify their portfolios and hedge againstlegitimate risks posed by Brexit is by investing in crypto assets, such asBitcoin."

However, the consensus in the1000-year-old value of gold, diamond, and paper money are explored for weakpoints to replace it with ideologies of cryptocurrency.

The price of the Bitcoin iscurrently touching $10,000. This is happening at a point where severalnaysayers felt that Bitcoin would never be back to its normal from its deepfall.

The short-term prospects hold amixed opinion. There is a FOMO about the BTC/USD crossing the $10,000 mark. Arecent prediction by Tim Draper states the price of the Bitcoin can be $250,000by 2023.

While gold is a non-yieldinginvestment, the lower interest rates are making gold far attractive. Theannouncement of Facebook currency Libra had the price go way up. A supply shockis expected in 2020 after the supply of Bitcoin will be cut to half overnight.The price of the Bitcoin has gone up by 160% since the beginning of this year.We are now in a new bull market with the Bitcoin.

The new all-time high set by Bitcoinis shocking. The early progression is usually slow. Further growth withprogress in a parabolic trend. It now sees that "[In a bull market] badnews no longer matters and every dip is met with eager buyers who are lookingfor suitable entry points into #Bitcoin."

For many who invested when Bitcoinwas at $20,000, the $9,000 price is still low.

An important news source reported,"Very few people correctly anticipate how high the market will go and mostwill be shocked by the final peak. This is the bull market when #Bitcoinachieves geopolitical significance so that everyone will be watching. Thefeeding frenzy may be like nothing we've ever seen."

There is some sloppiness seen in thetrading, and this is indicative of a significant reversal coming. Major pricegaps are likely to be seen between exchanges.

Tom Less also opined that Bitcoinwould easily create new highs.