Bitcoin Breaks $10k Mark for First Time
Bitcoin hovered around $9,000 USD on Thanksgiving a couple weeks ago. As of the writing of this article, the value of Bitcoin currently sits at $10,369.91 USD. The passing of $10,000 USD was a watershed moment for the cryptocurrency, which has seen a meteoric rise since being mired in the controversy of Dark Web transactions. At the beginning of 2017 it was valued at just over $1000 USD. Bitcoin has since then increased in value tenfold.
Bitcoin reached $10k!!!
It’s difficult to say with any certainty whether or not the price will continue to surpass $10,000, but most investors are optimistic that it will. There was increased investor interest around Black Friday and Cyber Monday, and it’s likely that interest will continue to increase around and throughout the holidays. While investor frenzy is not necessarily the best of signs, and could indicate a bubble ion the verge of bursting.
Of course, they’ve been saying that ever since Bitcoin reached $1000 USD and thus far, it has showed no signs of letting up. The two works that best describe Bitcoin’s rise are “meteoric” and “exponential”. This has also been concurrent with the rise in the value of Ethereum and widespread establishment interest in distributed ledger and blockchain technology. While not every well known investor has jumped on the Bitcoin bandwagon, enough legitimate investors have to spur a great deal of investor interest, which has spurred the increased value of Bitcoin at such a rapid pace. On we go into the future, whats next for Bitcoin’s price?
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