The meteoric rise of Bitcoin has propelled the digital currency to surpass $10,000 recently. This prompted celebration by traders and an increase in warnings blared by analysts about an impending burst of the bubble. Regardless of which party one might fall into, it’s still a fact that the cryptocurrency has increased 10 times its value at the start of the year.

As of writing, the value of one Bitcoin is more than $10,200. As CNBC notes, that’s enough to buy a Tiffany engagement ring, adding to the legend that is the currency’s unprecedented rise in value. After all, seven years ago, a single Bitcoin was only worth $0.06 and at the start of 2017, it was worth $1,000.

It’s worth noting that this achievement might not last since many analysts are already saying that the currency will drop below $10,000 before long. On the other hand, there are also financial experts who are saying that the cryptocurrency could rise even higher in value once it taps into the $200 trillion market that global traders dabble in.

At this point, the market capitalization of Bitcoin is at $200 billion but miners are hard at work to elevate that number to new heights. This has prompted several traditional institutions to start offering Bitcoin futures or at least consider offering them, including JPMorgan.

Of course, there are those who firmly believe that the Bitcoin market is a bubble waiting to burst, including hedge fund manager Mike Novogratz. During a cryptocurrency conference held in New York on Tuesday, Novogratz expressed his skepticism of Bitcoin in no uncertain terms, Bloomberg reports.

“This is a bubble and there is a lot of froth. This is going to be the biggest bubble of our lifetimes,” Novogratz said.

This isn’t to say that the hedge fund manager is against cryptocurrency. In fact, Novogratz has been a long-time investor in Bitcoin, way back when it was worth only $90. He is simply echoing the fears that many analysts have already expressed, which is the impending collapse of the digital currency.