May 22 (UPI) -- The value of the online currency bitcoin has soared to record heights this year under the new U.S. administration.
Bitcoin prices rose above $2,000 over the weekend and went even higher Monday.
"Bitcoin has gone insane in the insane world it was made for," analyst Ross Gerber said Monday. "Global leadership chaos pushes price to $2183."
In 2017 so far, the value of bitcoin has increased 125 percent. In January, it topped the $1,000 mark and by midday Monday its value was $2,251.
Analysts noted that the online currency also has been resistant to market volatility. In recent weeks as the major domestic markets fluctuated with political shifts, bitcoin has remained steady.
Introduced in 2009, bitcoin has become a major form of online payment. In fact, CNBC noted, if you'd have purchased $100 worth of bitcoin in 2010, it would be worth nearly $73 million today.
Monday's milestone happened to fall exactly seven years to the day since Bitcoin Pizza Day, which is widely considered the first transaction with the currency -- when a man spent 10,000 bitcoin on two pizzas. The amount he spent on the pizzas would today be worth $22.5 million.
