Bitcoin (BTC-USD) has skyrocketed 160% since January, supported by strong institutional demand as well as scarcity, with payment companies like Square and Paypal buying it on behalf of customers.The currency touched $19,000 overnight, within sight of its all-time peak of just under $20,000 hit in December 2017."I have seen bitcoin go up 10X, 20X, 30X in a year. -