Bitcoin hit over $111,00 in overnight trading, according to the CoinDesk Bitcoin Price Index. Ryan Lee, chief analyst at Bitget, told Coindesk that he believes Bitcoin could hit $180,000 by the end of the year. What makes Bitcoin valuable? "It is most similar to digital gold — gold is valuable because of its set supply and because you can transfer it. Bitcoin has a set supply and is even more easily transferred and stored."