Tuesday, January 31, 2023

Bitcoin Hits $7000 in Major Milestone for #1 Cryptocurrency

Bitcoin Hits $7000 in Major Milestone for #1 Cryptocurrency

The price of one bitcoin eclipsed $7,000 USD for the first time today, marking a milestone that many said would never be possible. Even in the face of hard-forks and FUD, the bellwether cryptocurrency continues to outperform all expectations.

Also read: Forbes Said BTC Price Exploded Because of ICOs — Wrong

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Is top Bitcoin-hater Jamie Dimon paying attention now? It’s nigh time he should be, as bitcoin’s just hit yet another astounding all-time price high of $7,000 on Coinbase. Before press time it dropped slightly, but regained ground and is currently sitting at $7,217 on Bitsonline‘s price chart:

Bitsonline price chart

This caps an impressive milestone for what’s already been a resoundingly successful Q4 (and Q3) for the #1 crypto in 2017. Just one year ago, one bitcoin would set you back only $700—the coin’s now gained a whopping +840 percent in the ensuing 12 months.

Indeed, BTC holders have watched their investments appreciate as explosively as ever before this year, leading many in the space to wonder if adoption—both institutional and private—is beginning to reach critical mass.

As bullish developments like Bitcoin futures being listed on the CME continue to materialize, the cryptocurrency will only continue to experience such impressive upward price pressure.

Looks like BTC’s not dying any time soon.

What’s Next for the Bitcoin Price?

With such explosive momentum, it’s starting to seem more and more likely that BTC’s price can hit $10k by the end of 2017.

Legendary Wall Street trader Mike Novogratz, for one, hasn’t hidden his optimism, saying he expects the price of BTC to hit $10,000 somewhere in the next “6 to 10 months.”

Novogratz is bullish on BTC.

Of course, this projection could end up being completely incorrect. But Novogratz’s comments speak to the air of joyous electricity coursing through the space right now as BTC is succeeding like never before.

What do you think? Can the #1 crypto burst through $10k by the time 2017 comes to an end? Sound off in the comments below!

Images via CNBC, NY Post

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