Its crypto-crazy time, folks! Bitcoin has broken through to an amazing $2600 early morning on May 25th, up around 25% from its $2140 price from just a few days before. This and other surging cryptocurencies bring the total crypto market cap up to $86.2 billion, nearly tripling in value in just the last 30 days.
At the current pace, total crypto market cap will surpass $100 billion within the next five days, a landmark milestone for the young technology that seems to be erasing questions in many minds as to whether it is really here to stay. A milestone that will likely begin to garner a lot of attention from many who are not at all familiar with Bitcoin or the Blockchain.
Many questions remain to be answered. Can this incredible bull run continue? Is this the peak of a bubble, or is it actually the long-wished for- and grandiosely optimistically prognosticated- beginning of the sweet spot the adoption S-curve?
With 5 year price targets in the range of $3k to $10k and 50 year targets in the range of $100k to $1 million+, one thing is for sure: there are now many millions more eyeballs with their eyes on the rumbling crypto freight train.
Hold on folks, because either way, I think we’re in for one hell of a ride.