As you likely saw, Bitcoin hit $6,000 today! What is an even bigger landmark than the price, though, is that this also means the so-called "gold standard" of cryptocurrency reached a market cap of $100.81 billion at its peak on the day. Bitcoin still sits just above 6k as I'm writing this, and below is a current snapshot of the top 5 cryptocurrencies according to coinmarketcap. The majority of altcoins have continued to struggle as we get closer to the upcoming Bitcoin hardforks, but the unbelievable growth we've seen from Bitcoin is causing more and more people to take notice.
This month alone we've seen a 50% price increase amid talk of fears of regulation from China and negative press here in the U.S. as the Jamie Dimon, the CEO of J.P. Morgan, has continued to denounce the cryptocurrency, calling it "a fraud", and even going as far as telling his employees they will be fired if they buy Bitcoin. Here's the chart of what's happened since those comments..
It's starting to become increasingly apparent that Bitcoin is unstoppable, and the press hasn't all been bad recently. I was both shocked and excited to find an article from Forbes making the case for Bitcoin reaching $10,000 in the near future, something I know we've had on the radar in the crypto community for a while now but that I definitely didn't expect to see so soon in a financial magazine like Forbes. I recommend giving it a read!
Here's to the mainstream taking notice and Bitcoin reaching 10k by the year's end!
Cheers!
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Bitcoin price is skyrocketing. This is a great feat for the "king of cryptocurrency". It is also predicted that bitcoin will touch the $10000 mark by next year. This is great for all crypto lovers