A growing number of investors are beginning to view bitcoin as an established safe haven that operates in a market that is finally being protected through regulatory oversight, according to Mr Isaacs.
"I believe bitcoin has the potential to hit $25,000 by the end of 2019 or early 2020," prominent bitcoin analyst Oliver Isaacs told The Independent.
"There are multiple drivers behind the recent resurgence. There are geopolitical, technological and regulatory drivers. The net effect of the trade war between the US and China has led to the sudden interest in bitcoin as a hedge on investments."