Bitcoin soars above $2400 to all-time high

Bitcoins

It was announced today that Fidelity Investments will start a new integration with popular U.S. bitcoin exchange Coinbase.

The move will make the Boston-based asset manager one of a handful of large financial services firms to have integrated digital currencies into its website.

According to a Fidelity representative, the new cryptocurrency tracking option for the company's website could be launched as early as this quarter.

The often maligned crypto-currency continued its incredible run on Monday, soaring to almost $2,200 at 10:30 p.m. - leaving it up 124 percent this year and ahead almost 400 percent over the past 12 months, according to Coindesk.

The company is testing the Coinbase holdings integration with its employees, Johnson said. Blockchain is the technology behind bitcoin that many expect can have broader, transformative applications in industries such as financial services.

Digital currency enthusiasts also see great value in the blockchain technology that supports bitcoin and other cryptocurrencies like ethereum.

The group said 56 bitcoin companies in 21 countries, as well as 83 percent of all bitcoin miners, signed the agreement aimed at stabilizing the cryptocurrency's financial ledger protocols. "We set up a small bitcoin and ethereum mining operation...that miraculously now is actually making a lot of money", she said.

"Bitcoin up 100 percent in under 2 months", tweeted DoubleLine Capital CEO Jeffrey Gundlach on Tuesday.

The price of bitcoin has seen another surge of 6.5 percent on Wednesday to reach an all-time-high of $2,389.

Some are anxious that there's a bitcoin bubble in the making, but Smith and Erik Voorhees, founder and chief executive officer of cryptocurrency exchange ShapeShift, aren't too concerned.

"If you are looking for bitcoin to beat Visa at the point of sale today, you are going to be disappointed, Johnson said. It's no accident that I'm one of the few standing before you today from a large financial services firm that hasn't given up on digital currencies".

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