(Kitco News) – Bitcoin hit $ 64,000 today, a new record for the world’s largest cryptocurrency.

Justin Hartzman, CEO of CoinSmart, a Canada-based crypto exchange, said this rally was just the beginning, citing banks’ target projections of over $ 400,000 per coin.

“We’re so early in this market, it’s still in the first half of the first inning and what’s different now is that in 2017, 2018, a lot of big institutions will join us. It’s only today that we’re seeing Coinbase Hartzman,” said David Lin, anchor for Kitco News .

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