---
title: "Bitcoin Just Surged to a New All-Time High Above $8,200"
description: "Bitcoin's price soared above $8,200 on November 20, just four days after the cryptocurrency surpassed the $8,000 mark for the first time."
date: "2017-11-20"
modified: "2017-11-20"
authors:
  - name: "Dom Galeon"
    link: "https://futurism.com/authors/domgaleon"
url: "https://futurism.com/bitcoin-surged-new-all-time-high-above-8200"
categories:
  - "Bitcoin"
  - "Blockchain"
  - "Cryptocurrency"
  - "Future Society"
tags:
  - "bitcoin"
  - "blockchain"
  - "cryptocurrency"
  - "digital cash"
---

# Bitcoin Just Surged to a New All-Time High Above $8,200

![bitcoin's price](<https://futurism.com/wp-content/uploads/2017/11/GettyImages-874940550.jpg>)
*\<em\>Image: \<a href="http://www.gettyimages.ca/license/874940550" target="\_blank"\>Getty Images\</a\>\</em\>*

## Up, Up, and Away

Earlier in November, [analysts from Goldman Sachs](<https://futurism.com/goldman-sachs-bitcoin-consolidate-8000-before-rising-more>) predicted that bitcoin's price would soon reach $8,000, [which it did on November 16](<https://futurism.com/bitcoin-passes-8000>). The value then rose higher than $8,100 barely three days later.

After briefly dipping back below $8,000 by the end of November 19, the world's most popular cryptocurrency shot back up again on November 20, climbing [above $8,200](<https://www.coindesk.com/8200-bitcoins-price-starts-week-new-time-high/>). Bitcoin is now worth $8,274, [as of writing](<https://www.coinbase.com/charts?locale=en>).

https://www.youtube.com/watch?v=kubGCSj5y3k&feature=youtu.be

The recent fluctuations in bitcoin's price are the result of a combination of several developments. In late October, CME Group — the world's largest exchange owner — opened up to bitcoin trading. Additionally, a controversial bitcoin [blockchain hard fork was suspended](<https://futurism.com/bitcoin-hard-fork-segwit2x-suspended>) in early November, and Bitcoin Classic ended up [shutting down in favor of Bitcoin Cash](<https://futurism.com/bitcoin-classic-shuts-down>).

## A Volatile Future

In the past four months, bitcoin's price has reached record-breaking highs, with the value of the cryptocurrency almost doubling since August. The meteoric increases have been read by enthusiasts as signs of what's to come, with bitcoin slowly [creeping into the mainstream](<https://futurism.com/popular-payment-app-users-buy-sell-bitcoin>). Critics, on the other hand, see it as further proof of bitcoin's volatility and that the crypto is [a "bubble" that could burst soon](<https://futurism.com/harvard-professor-in-the-long-run-the-price-of-bitcoin-will-collapse>).

While predictions vary, most experts seem to agree that the price of bitcoin will continue to increase. A former Fortress Investment Group hedge fund manager suggests it could reach [$10,000 by the first half of 2018](<https://futurism.com/latest-prediction-puts-bitcoin-at-10k-by-april-2018>). That's a relatively moderate call, considering how one veteran trader thinks bitcoin prices could [hit $15,000](<https://futurism.com/get-ready-renowned-bitcoin-trader-says-the-currency-will-hit-15000-in-2017>) before the end of 2017. In the long run, the popular cryptocoin could reach $20,000 to $25,000 [in the next three](<https://futurism.com/expert-predicts-bitcoin-will-be-worth-up-to-20000-in-the-next-three-years>) to [five years](<https://futurism.com/leading-expert-says-bitcoin-will-soar-above-25000-in-5-years>), but only time will tell how it actually performs.

*Disclosure: Several members of the Futurism team, including the editors of this piece, are personal investors in a number of cryptocurrency markets. Their personal investment perspectives have no impact on editorial content.*

### Author social links  
[LinkedIn](<https://www.linkedin.com/in/dominic-john-galeon-9b086925/>)  
[Twitter](<https://x.com/domgaleon>)