Bitcoin investors were in shock last week after the currency lost over 30% of its value, but the most popular virtual currency in the world is gaining steam again. The crypto-currency had surged over 10% from last week’s low when it dropped below the $12,000 mark. Tuesday morning it was trading at over $15,000 on the Bitstamp exchange in Luxembourg.

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Bubble burst or an opportunity for Bitcoin investors

Year to date, the currency has surged over twenty times from a little under $1000 to as high as $19,666 on Dec. 17 on Bitstamp, and over $20,000 on other exchanges. Bitcoin investors and enthusiasts believe that the drop last week was the much-awaited correction after the meteoric surge. At one point last week (its worst week since 2013), the currency fell as low as $11,159.93.

“Taking profit is right while buying into a long-term projection is also right. You don’t have to be right in this market, just less wrong than the rest,” said Andrei Popescu, Singapore-based co-founder of COSS, a platform that includes all features of a digital economy based on cryptocurrency, according to Reuters.

Talking of the drop last week, Julian Hosp, founder, and president of TenX, stated that the industry insiders were expecting the fall given the dangerous levels that the currency scaled over the past few months. He, however, believes that the correction was normal and a healthy opportunity to accumulate the currency at lower levels. Hosp is confident that Bitcoin will drop again, but not right now.

“I don’t think right now, but I think, in the long run, we will always see a little bit of an up move, and then a dip down,” Hosp told CNBC’s “Squawk Box.” TenX makes it easier for people to spend digital currencies.

On the other hand, there are many who are warning investors about the Bitcoin bubble. Israel Securities Authority (ISA) chairman Shmuel Hauser plans to table a regulation to ban companies based on Bitcoin and other digital currencies from trading on the Tel Aviv Stock Exchange. Hauser notes that if a company has its main business in digital currencies, then they would not be allowed, and if listed already they would be suspended, notes Reuters.