Cryptocurrencies may go on a bull run higher than this past year and pass the trillion-dollar mark in terms of value, experts told CNBC, using a recent violent sell-off across digital coins.

Bitcoin has seen an enormous fall in recent days, dropping below $6,000 for the first time since mid-November. On Wednesday, it was trading across the $7,000 level as the cryptocurrency market stabilized.

At its lowest point on Tuesday, the entire cryptocurrency market saw over $550 billion cancelled its value. But industry insiders see another rally ahead.

The Bitcoin marketplace is worldwide as well as the citizens of China and Japan have been particularly active in their purchase as well as other Japan. However, recently in Bitcoin news the Chinese government has tried to suppress its activity in this country. That action drove the price of Bitcoin down for the short period of time but it soon surged back which is now close to its previous value.

The Bitcoin history chart is extremely interesting. Its creator was an anonymous gang of brilliant mathematicians (with all the pseudonym Satoski Nakamoto) who designed it in 2008 to become “virtual gold” and released the very first Bitcoin software in early 2009 through the height of the USA financial crisis. They knew that to have lasting value, it like gold needed a finite supply. So in creating it they capped the supply at 21 million Bitcoin.

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