The virtual currency bitcoin has hit a record high of 2,000,000 bitcoins in the past 24 hours.
Bitcoin was created in 2009 by a computer programmer who is not a bitcoin miner and is known as Satoshi Nakamoto.
It is now a digital currency.
The virtual currency has surged in value, rising from less than $5,000 in early December to more than $15,000 by Tuesday morning.
Its price has risen by about $100 since Wednesday.
The rise is partly because of an increase in interest in the currency, as more people have become aware of it.
But the main reason is because the currency has gained popularity.
Bitcoin’s value has surged as more users have become familiar with its digital currency properties, including its decentralised, decentralized blockchain, said Morgan Stanley.
But the cryptocurrency’s meteoric rise has also coincided with an increase of anti-bitcoin sentiment.
The US government, for example, is considering the use of bitcoins as a means of regulating virtual currencies.
The US Department of the Treasury (Treasury) has been preparing an online toolkit for bitcoin users, including instructions on how to prevent money laundering.
The Treasury is considering bitcoin as a medium of exchange for illegal transactions, a move that could affect the US dollar’s value, according to Reuters news agency.
The Department of Homeland Security said in December it would consider using bitcoins as payment for illegal goods and services.