Bitcoin (BTC) has successfully broken through the $50,000 barrier. The price of BTC has increased by more than 66 percent in the last 40 days. BTC is currently trading 2.45 percent higher at $50,306 with a market capitalization of $945 billion as of press time. Mike McGlone, a senior commodity strategist at Bloomberg, believes Bitcoin will continue to rise and that its path to $100,000 has the least amount of obstacles.