Bitcoin is taking flight once again. The highly volatile cryptocurrency reached a new all-time high of $66,943.50 on Wednesday – nearly $1,400 above the previous all-time high of $64,888.99 set back in April of 2021. Bitcoin’s latest run is largely credited to the successful debut of the first US Bitcoin futures exchange-traded fund earlier this week. According to CoinDesk, Bitcoin has generated returns north of 122 percent year-to-date. As the publication highlights, the exchange-traded fund garnered a trading volume of more than $1 billion on its first day, making it one of the most successful launches ever. Additional futures-based ETFs could debut in the US in the coming weeks, which could push Bitcoin’s value even higher. Proponents of the decentralized cryptocurrency have speculated that it could hit $100,000, perhaps by the end of the year. Critics, meanwhile, have been calling for Bitcoin’s demise for years. Each dip is said to be the straw that broke the camel’s back, yet remarkably, the resilient virtual currency somehow comes back stronger than ever.