Bitcoin broke through the $6,000 for the first time.
The price of bitcoin has risen over 500 percent year-to-date.
The report said, investors appear to be shrugging off risks like the upcoming "fork", or split in bitcoin
Bitcoin set a new record high on Saturday breaking through the $6,100 barrier.
The cryptocurrency hit an all-time high of $6,147.07 just a day after pushing through the $6,000 mark, according to data from industry website CoinDesk.
Much of the rise can be attributed to another upcoming split in bitcoin known as a "fork".
This will lead to the creation of a new cryptocurrency called bitcoin gold. Holders of bitcoin will get some bitcoin gold when it is issued, essentially giving them free money.
The report further pointed out through unscientific survey carried out his week, nearly half of the more than 23,000 people who voted said bitcoin is heading to over $10,000.
In fact, there are rumors that China could reverse its ban on cryptocurrency exchanges which is also giving bitcoin a boost. Also, Bitcoin has also been helped by favorable regulation in Japan which recently allowed companies to accept the digital currency as payment. Around 57 percent of the trade in bitcoin was executed in Japanese yen on Saturday, according to CryptoCompare.