Bitcoin just blasted to a new record high - What is the future of Bitcoin?

<p>Bitcoin just hit an amazing new record high of $65,000. &nbsp;This is a VERY BIG deal, as the cryptocurrency has been going through a rough year. &nbsp;It's taken several months to get back to where it was before, and it appears that Bitcoin is on it's way in the journey to $100,000. &nbsp;&nbsp;According to CNBC, this move by bitcoin is huge for investors: &nbsp;&nbsp;Bitcoin notched a fresh all-time high on Wednesday as investors cheered the successful launch of the first U.S. bitcoin futures exchange-traded fund. &nbsp;The world’s largest cryptocurrency climbed about 3% to $66,024.99 by 10:10 a.m. ET, topping a previous record of $64,899 set in mid-April. &nbsp;Bullish comments from a legendary trader also boosted sentiment. Billionaire investor Paul Tudor Jones called crypto his preferred inflation hedge over gold. &nbsp;“Bitcoin would be a great hedge. Crypto would be a great hedge,” Jones told CNBC’s “Squawk Box” on Wednesday. “There’s a plan in place for crypto and clearly it’s winning the race against gold at the moment ... I would think that would also be in very good inflation hedge. It would be my preferred one over gold at the moment.” &nbsp;Ethereum also rose more than 4% to cross back over the $4,000 level. The world’s second largest cryptocurrency traded at $4,005.91, approaching its all-time intraday high of 4,380 in May. &nbsp;The ProShares Bitcoin Strategy ETF, which tracks bitcoin futures contracts speculating on the future price of the cryptocurrency, rose nearly 5% on its first day of trading Tuesday. &nbsp;Not everyone in the crypto market was impressed. Several bitcoin investors want an ETF that tracks spot prices rather than futures. &nbsp;Novice investors have had to get to grips with terms like “contango,” where the futures price of a commodity is higher than its spot price, and “backwardation,” which is essentially the opposite. &nbsp;Here's the definition of bitcoin, according to Investopedia: &nbsp;&nbsp;What Is Bitcoin? Bitcoin is a decentralized digital currency created in Januar